In latest occasions, Solana’s meme coin MEW has captured the eye of crypto market merchants and traders globally. This digital asset has defied broader market tendencies with a placing practically 18% worth rally, even reaching a most surge of over 21% inside the identical interval. This outstanding efficiency could be attributed to a serious itemizing announcement by a serious CEX Bithumb unveiled immediately, April 7, which has instilled vital optimism across the Solana-based meme token. The rally is very noteworthy given the present market situations, highlighting MEW’s potential and the rising curiosity in area of interest cryptocurrency markets.
MEW Itemizing Unveiled on Bithumb
The thrill surrounding MEW was additional amplified by Bithumb’s announcement that it could be launching MEW (Cat in a Canine World) on its platform. Bithumb specified that the help marketplace for MEW is the Wonhwa Market, with the Solana network being the one supported community for deposits. The timeline for this launch was set with deposits beginning immediately, April 7, at 03:30 PM, and buying and selling and withdrawals commencing the identical day at 06:00 PM.
The preliminary base worth for MEW was pegged at 6.053 received, requiring 20 deposit confirmations. The announcement resulted in a dramatic spike in buying and selling quantity, with MEW reaching $92.5 million within the final 24 hours, a 63.70% enhance from the day before today. This vital rise in market exercise indicators sturdy investor confidence and curiosity, pushed by the anticipation of the brand new itemizing and the general buzz within the crypto group.
Additionally Learn: Crypto Prices Today June 7: Bitcoin Stands Firm Above $71K, Wormhole (W) Soars 12%
Present Market Efficiency and Future Prospects
As of the present writing, MEW (Cat in a Canine World) is priced at $0.005179, backed by a considerable 24-hour buying and selling quantity of $92.5 million. This displays a 17.97% enhance in worth over the past 24 hours and a 20.34% enhance over the previous week. With a circulating provide of 89 billion MEW, the token’s market capitalization stands at a formidable $459.1 million.
Bitget had additionally beforehand indicated its help for MEW, planning to listing the token in April. Bitget’s announcement led to a close to 50% worth rally, showcasing the rising enthusiasm for MEW. In line with Bitget’s assertion, the platform started buying and selling MEW on April 3, with deposits beginning on April 4. This ongoing help from main exchanges like Bithumb and Bitget highlights the rising acceptance and potential for MEW, suggesting a promising future for this distinctive Solana-based meme coin because it continues to draw vital investor curiosity and market exercise.
Additionally Learn: Meme Coin GameStop ($GME) Jumps 118%, Roaring Kitty Eyes Billionaire Status
The introduced content material could embrace the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty on your private monetary loss.
✓ Share: