MEW Became the Leader of the Cryptocurrency Market with a 16% Increase in 24 Hours!
MEW, the Solana-based meme coin known as “the cat in the world of dogs,” became the most valuable coin in the cryptocurrency market on July 24, with an increase of over 16% in the last 24 hours. This remarkable rise is considered a reflection of MEW's increasing popularity in the crypto community and investor interest.
At press time, MEW was still trading at $0.0081, up 11%, and its market cap had risen to $726 million, according to crypto.news data. This increase places MEW as the 94th largest cryptocurrency.
Interestingly, the meme coin’s daily trading volume was down 16%, hovering around $250 million. This shows that MEW investors are optimistic about its potential rise and prefer to hold their positions rather than sell them.
The latest price increase in MEW follows an
This listing increased MEW’s visibility and attracted the attention of new investors. Just a day ago, WhiteBIT announced a bounty program where the top 250 participants will be rewarded from a prize pool of 6 million MEW tokens. Such incentives are effective in attracting investors and growing the community.
MEW was first introduced on the Raydium exchange on March 26th, providing a 10% airdrop to the Solana community. The launch immediately generated a lot of enthusiasm due to the excitement in the Solana ecosystem and the coin’s intriguing “cat in a world of dogs” theme.
Within just three hours of launch, MEW’s trading volume increased to $150 million. This rapid rise shows how quickly MEW has been adopted in the crypto community and how popular it has become.
Cat-themed tokens are worth a total of $2.7 billion after an expansion over the past few weeks. Among these tokens is Popcat (POPCAT). Popcat, another Solana-based cat-themed meme coin, surged 12% on July 24 and was trading at $0.8155 at press time.
This shows that cat-themed meme coins are assets that generally attract investors’ attention and perform well in the market.
MEW’s rise comes at a time when the global crypto market is experiencing a slight decline. The total market value of the global crypto market stands at $2.39 trillion.
Bitcoin, the leading crypto asset, is also trading at $658,876 at the time of writing, down 1.13%. In this context, MEW’s such a strong performance is considered a remarkable success.
MEW’s recent rise is an indication of how popular meme coins, and cat-themed tokens in particular, have become in the cryptocurrency world. MEW is gaining value with its listing on major exchanges such as WhiteBIT and the interest of investors.
Such developments show the future potential of MEW and how important a player it can become in the cryptocurrency market. Investors’ interest and positive expectations for this meme coin can further strengthen MEW’s position in the market.
