MEW Surges 16%, Becomes Top Gainer in Crypto Market Today

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TABLE OF CONTENTS

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CONTENT

Solana-based meme coin “cat in a dogs world” sees significant price increase, outperforming other cryptocurrencies. MEW’s market cap reaches $726 million, making it the 94th largest cryptocurrency.

MEW, the Solana-based meme coin known as “cat in a dogs world,” has emerged as the leading gainer in the cryptocurrency market on July 24, with a remarkable surge of over 16% in the past 24 hours.

As of the latest data, MEW was trading at $0.0081, maintaining an 11% increase. The feline-themed cryptocurrency’s market capitalization has climbed to $726 million, securing its position as the 94th largest cryptocurrency by market value.

Interestingly, MEW’s daily trading volume has decreased by 16%, hovering around $250 million. This decline suggests that investors are optimistic about the coin’s potential and are choosing to hold their positions rather than sell.

The recent price surge follows WhiteBIT’s announcement on July 23 via X (formerly Twitter) that it had listed MEW on its platform. WhiteBIT, one of the largest European centralized crypto exchanges based in Ukraine, also unveiled a bounty program offering rewards from a prize pool of 6 million MEW tokens to the top 250 participants.

Hi! @MewsWorld ($MEW) has joined our exchange!$MEW is a meme token operating on the Solana network, offering a cat’s perspective on the world of meme coins.
About the project: https://t.co/DHZtqHlw2h
Project’s website: https://t.co/o4YsvChfh4$MEW/$USDT: https://t.co/K9XJcC4gn7 pic.twitter.com/i8WE0pJBad

— WhiteBIT (@WhiteBit) July 23, 2024

MEW’s journey began on March 26 when it was launched on the Raydium exchange, accompanied by a 10% airdrop to the Solana community. The launch garnered immediate attention, fueled by the ongoing Solana hype and the coin’s catchy “Cat in a Dogs World” theme. Within just three hours of its debut, MEW’s trading volume skyrocketed to $150 million.

The surge in MEW’s value aligns with a broader trend in cat-themed tokens, which collectively are now valued at $2.7 billion after recent market expansions. Another Solana-based cat-themed meme coin, Popcat (POPCAT), also saw a 12% increase on July 24, trading at $0.8155.

MEW’s impressive performance comes amid a slight dip in the global crypto market, which currently stands at $2.39 trillion. Bitcoin, the leading cryptocurrency, was down 1.13%, trading at $658,876 at the time of writing.

>> Also read: Who Let the Dogs Out! 3 Top Performing Dog-themed Memecoins