In an exciting turn of events, amidst the phenomenal price rally witnessed by Solana-based meme coins, another competitor emerges within the cryptocurrency realm. Cat in Dogs World (MEW), a newly launched Solana-based meme coin, appears to be gaining significant traction among crypto traders and investors as its price jumped nearly 170% today, making the token the talk of the town.

Intriguingly, falling in line with the broader uptrend witnessed by Solana, meme coins such as WIF, BONK, BOME, and now MEW have noted remarkable gains recently. The MEW token further positions itself as a rival to WIF, BOME, and BONK, marking a tempest of strides with its price rally.

Here’s Why MEW Sparked Investor Curiosity

Notably, in an attention-grabbing chronicle, Solana whales appear to have been magnetized towards this new meme coin, MEW, per a report by CoinGape Media earlier. Shifting focus from the ‘then-trending meme coin,’ BOME, a whale migrated substantial funds to MEW, per on-chain data.

This chronicle nabbed significant attention across the cryptocurrency realm, as even BOME rallied remarkably prior to the whale’s shift of focus. Concerning this, the whale accumulated 9.6 billion MEW, worth 10.8% of the token’s total supply, followed by other MEW accumulations, with investors reflecting optimism as a sense of confidence in the asset persisted among whales in the broader crypto market.

Meanwhile, mirroring the optimism birthed by the recent remarkable price rallies witnessed post-WIF & BOME launch, investors speculate over MEW’s potential to offer remarkable gains ahead. Aligning with this, the MEW token continued to curate bullish waves across the vast sea of crypto.

Also Read: Satoshi Era Bitcoin Wallet Comes To Life Before Halving, BTC To $100K?

MEW Price Rallies

While writing, the Cat in a Dogs World (MEW) token noted a surge of 142.95% in the past 24 hours and is currently trading at $0.007612. Intriguingly, the token took an anchored bullish stage today, as its market cap surged 140.78%, reaching $639.45 million, whereas the 24-hour trading volume rocketed 322.97%, currently resting at 352.37 million.

While the meme coin already follows Solana’s broader uptrend, it is starting to position itself as a prominent rival to the ‘now trending’ Solana meme coin, WIF. Solana was up 5.78% over the past 24 hours, standing at $196.56, while WIF rested at $4.50, jotting a 22.98% gain in the past 24 hours.

Also Read: Pepe Coin Whale Notes 400% Profit As PEPE Price Soars

The post Solana Meme Coin MEW Rallies 140%, Here’s Everything appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am