In an thrilling flip of occasions, amidst the exceptional worth rally witnessed by Solana-based meme cash, one other competitor emerges inside the cryptocurrency realm. Cat in Canine World (MEW), a newly launched Solana-based meme coin, seems to be gaining vital traction amongst crypto merchants and traders as its worth jumped almost 170% at present, making the token the discuss of the city.
Intriguingly, falling in step with the broader uptrend witnessed by Solana, meme cash equivalent to WIF, BONK, BOME, and now MEW have famous outstanding positive aspects lately. The MEW token additional positions itself as a rival to WIF, BOME, and BONK, marking a tempest of strides with its worth rally.
Right here’s Why MEW Sparked Investor Curiosity
Notably, in an attention-grabbing chronicle, Solana whales seem to have been magnetized in direction of 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 knowledge.
This chronicle nabbed vital consideration throughout the cryptocurrency realm, as even BOME rallied remarkably previous to the whale’s shift of focus. Regarding this, the whale gathered 9.6 billion MEW, value 10.8% of the token’s whole provide, adopted by different MEW accumulations, with traders reflecting optimism as a way of confidence within the asset persevered amongst whales within the broader crypto market.
In the meantime, mirroring the optimism birthed by the latest outstanding worth rallies witnessed post-WIF & BOME launch, traders speculate over MEW’s potential to supply outstanding positive aspects forward. Aligning with this, the MEW token continued to curate bullish waves throughout the huge sea of crypto.
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MEW Worth Rallies
Whereas writing, the Cat in a Canine World (MEW) token famous a surge of 142.95% up to now 24 hours and is presently buying and selling at $0.007612. Intriguingly, the token took an anchored bullish stage at present, as its market cap surged 140.78%, reaching $639.45 million, whereas the 24-hour buying and selling quantity rocketed 322.97%, presently resting at 352.37 million.
Whereas the meme coin already follows Solana’s broader uptrend, it’s beginning to place itself as a distinguished rival to the ‘now trending’ Solana meme coin, WIF. Solana was up 5.78% over the previous 24 hours, standing at $196.56, whereas WIF rested at $4.50, jotting a 22.98% acquire up to now 24 hours.
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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 to your private monetary loss.
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