In an intriguing turn of events, amid the recent notable price corrections witnessed across the broader crypto market, Solana’s meme coin MEW piqued the interest of crypto market traders and investors globally, defying broader market trends with a nearly 50% price rally. This remarkable phenomenon comes riding along a major listing announcement unveiled today, April 3.

Intriguingly, just when the crypto industry thought of a waining meme coin season, as DOGE & SHIB, among many others, plunged, Solana meme coins contrastingly garnered significant investor attention, with the now trending coin ‘MEW’ stealing the spotlight. Here’s a closer look into why the token may have defied the broader downtrend in the market.

Bitget Unveils MEW Listing

Notably, one of the world’s leading crypto trading platforms, Bitget, issued a statement today planning to list the MEW token. This statement showcased Bitget’s extended support for MEW, running in hand with the optimism birthed with a nearly 50% price rally jotted by the token.

According to Bitget’s statement, the crypto trading platform plans to list the Cat in a Dogs World token and begin trading today at 11:00 UTC. Meanwhile, the deposit for the same remains poised to commence on April 4 at 12:00 UTC.

Intriguingly, the spot trading pair MEW/USDT is all set to be listed on the platform, with $22,000 worth of MEW available for users to grab as rewards. Bitget plans to facilitate three activities during the token’s promotion period, April 3 to April 10, aiming to reward users with MEW following trading achievements that are to be unlocked. These trading achievements encompass deposit rebates, trading MEW with a minimum volume of 100 USDT during the promotion period, and a promotional activity, collectively offering users a reward worth $22,000 worth of MEW.

Meanwhile, aligning with the optimism birthed with the surfacing of this attention-grabbing listing announcement, Cats in a Dogs World noted a phenomenal rally, sparking investor enthusiasm.

Also Read: DOGE Price: Whales Move Over 580 Mln Coins, Will Dogecoin Recover?

MEW Price Rallies

As of writing, the Cats in a Dogs World token noted a staggering 44.74% surge in its price over the past 24 hours and is currently trading at $0.008854. With a 43.79% increase in its market cap, followed by a 57.37% 24-hour trading volume upswing, the Solana meme coin painted a bullish outlook for itself today, aligning with SOL’s borader uptrend.

As seen previously, Bitget’s listing chronicles appear to have a bullish effect on cryptocurrencies. Earlier this year, the MAVIA token rallied considerably following Bitget’s listing, which aligns with the surge witnessed by MEW today. This, in turn, fuels speculations over a rising price action ahead for MEW, coming in tandem with Bitget’s plans to list the token.

Also Read: Ethena (ENA) Price Surges 53% After Airdrop, More Steam Left?

The post Solana Meme Coin MEW Rallies 50% Amid Major Listing Announcement appeared first on CoinGape.

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