MEW – Another Memecoin on Solana Impresses Investors

The cryptocurrency world has just welcomed a new phenomenon – a brand new meme coin called MEW (Cat in Dogs World) is making waves on the Solana network. Within just 24 hours, the value of MEW has surged by nearly 170%, becoming the center of attention for the cryptocurrency investment community.

The surprising allure of MEW

What’s noteworthy is that even major crypto whales are attracted to this emerging meme coin. According to a recent report, a Solana whale investor has transferred a large amount of funds from the “hot” BOME coin to MEW, causing a stir within the community. Specifically, this whale has accumulated up to 9.6 billion MEW tokens, accounting for 10.8% of the total supply, demonstrating strong confidence in the potential of the new token.

This event has sparked unprecedented excitement in the cryptocurrency investment world. Even before the whale’s pivot, BOME also experienced a significant price surge. Clearly, these fluctuations reflect the optimistic sentiment among investors and confidence in the profit potential of new meme tokens.

Related: Investor Loses $147,000 Playing Memecoins on Solana

The “memecoin” race on Solana

MEW’s price breakthrough is seen as the next phase of the dizzying price trend that other meme coins like WIF, BONK, and BOME have experienced on the Solana network. This makes MEW a formidable competitor in the vibrant “meme token” race.

As of now, MEW’s price has increased by 142.95% in the past 24 hours, reaching $0.0076. Market capitalization has reached $639.45 million, up 140.78% from the previous day. 24-hour trading volume has also surged by 322.97%, reaching $448.602 million, indicating the growing appeal of the new token.

While Solana continues its upward trend by 5.78% to $196.56, WIF – MEW’s direct competitor – has also climbed to $4.50, up 22.98%. The meme token battle is becoming increasingly intense and heated in the “land of promise” Solana.