Bybit, a globally renowned crypto trading platform, recently announced that it plans to list the Cat in a Dogs World (MEW) token, sparking a buzz across the world of cryptocurrencies. In a post shared by the platform on X today, April 18, the exchange revealed that it plans to commence spot trading for MEW on its platform shortly ahead, fueling an optimistic torrent for the token among crypto market traders and investors globally.

This latest update from one of the most popular crypto exchanges worldwide has piqued substantial investor interest in the Solana-based meme coin MEW. Let’s dive deeper into Bybit’s MEW token listing announcement, which appears to have ignited a glimmer of price recovery sentiment among crypto market enthusiasts despite recent corrections.

Bybit Announces MEW Spot Trading

According to Bybit’s announcement, MEW spot trading on the platform will commence shortly, with the listing happening on April 19 at 8 AM UTC. Further, deposits and withdrawals for the same will begin on April 19 at 4 AM UTC via the Solana network. It’s worth noting that MEW will also be available for trading via Spot Grid Bots upon listing, opening up new opportunities to traders.

Meanwhile, to mark the significance of this listing event, Bybit further underscored efforts to support the launch, facilitating special events for traders that boasts a prize pool of a staggering 40,000,000 MEW. Notably, the first event is set to take place from April 19 at 4 AM UTC to May 7 at 9:00 AM UTC, while the second event will take place from April 19 at 8 AM UTC to May 7 at 9 AM UTC.

This announcement added a tint of optimism to the MEW token, as the Solana-based meme coin’s previous listings on CEXs OKX and Bitget fueled a rising price action. Simultaneously, crypto market enthusiasts anticipate this listing announcement to spark a recovery trend for MEW despite its recent notable correction. However, historical data does not always assure an asset’s future performance within the turbulent realm of cryptocurrencies.

Also Read: Bitcoin Halving Might Be The Best Gift For Altcoins ; Here’s Why?

MEW Price Slips

The Cat in a Dogs World token witnessed a massive 22.13% plunge in its price over the past 24 hours and is currently trading at $0.004923. The token’s market cap dipped 22.76%, whereas the 24-hour trading volume plummeted 23.50%. This painted a bearish picture for MEW at press time, further shrouding the token in a cloud of an enigma over a substantial price recovery ahead. Nonetheless, crypto market enthusiasts continue to extensively eye MEW, aligning with its previous listing chronicles, expecting a price action shift with the abovementioned listing.

Also Read: Binance Announces Airdrops, Web3 Quest Platform Megadrop

The post Solana Meme Coin MEW Unveils Major Listing, A Price Recovery Ahead? appeared first on CoinGape.

---

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