After hitting an all-time high (ATH) on 21st October, the Cat in a Dogs World (MEW) token continues its uptrend a day after. It showed an increase of 6.88% in the past 24 hours. This month alone, the token has shown an incredible surge of 86.87% in its market cap.
MEW has now surpassed the flow of Solana’s largest cat-based meme coin Popcat, and the traders expect it to perform another incredible upward movement in the upcoming altseason. What is causing this surge? How does Cat in a Dog World dominate the Solana meme coin ecosystem? Let’s check.
What is Cat in a Dogs World?
The Solana chain has recently witnessed the arrival of hundreds of meme coins, and Cat in a Dogs World is the most prominent among them. It is one of the rare tokens that attracted passionate traders globally and reached the mainstream space within months of its release.
It is a cat-themed meme coin with $MEW as the ticker. It was released to the public in April 2024 and reached its highest point on October 21st, with a price of $0.01043 per token. Now, it’s trading at $0.00912.
Why $MEW is Attracting Investors?
There are various reasons for MEW’s current bull run, and the major one is the strong community that promotes the token in every way possible. Now, the community’s target is to reach a 1 billion market cap, and the deflationary nature helps in the price surge.
- The Meme Coin Virality: The primary reason for the surge in any meme coin is its virality and high media exposure. The same is true for MEW, which is one of the most trending tokens among the crypto communities now.
- 90% Burn in LP: Among the total supply of 88.89 billion tokens, around 90% will be burned in liquidity pools, and 10% will be airdropped to the Solana community. MEW is a finite token and the burning will decrease the supply and increase the demand.
The $MEW Token Details
The MEW token has around 178K holders and the on-chain data shows that the percentage of holdings across wallets is pretty decentralized. Here are some of the MEW token details:
| Token Ticker | $MEW |
| Chain | Solana |
| Contract Address | MEW1gQWJ3nEXg2qgERiKu7FAFj79PHvQVREQUzScPP5 |
| Total Supply | 88.89 Billion MEW |
| Market Cap | $807.23 Million |
| Number of On-Chain Holders | 178,234 |
How to Buy Cat in a Dogs World $MEW Tokens?
The $MEW tokens are available to purchase in major centralized and decentralized exchanges like ByBit, OKX, Kraken, Gate.io, HTX, KuCoin, Raydium, and Meteora. If you are planning to buy it through its official site, here are the steps:
- Make sure you have a Solana wallet with SOL balance and wallet extensions like Phantom, Solflare, Backpack, OKX Wallet, or Glow installed.
- Visit mew.xyz and scroll down to see a purchase interface powered by Radium. The from and to coins are already set, however, if you are unable to see the token, paste the contract address in the space provided.
- Connect your wallet through the extension and tap on Swap. Sign the authentication, pay the gas fee, and the tokens will be sent to your wallet within 10 minutes.
The Risks Associated with Trading MEW Tokens
The whole crypto market is volatile and unpredictable, especially the meme niche. When we look into the history of meme coins like Dogecoin and Shiba Inu, huge uptrends are always accompanied by a later downfall. This cycle continues through time. There is a strong possibility that MEW will show the same movements, and it is all about the timing of your entry and exit.
As a token with around 800 million market cap and 178K holders, MEW has arrived at an established stage, and many traders are sceptical about making an entry now. A good strategy is to study the market and be involved in the short-term trading of MEW.
If you are interested in long-term holding, then you don’t have to worry about these short-term ups and downs. Otherwise, it is better to opt out of MEW and search for other meme coins which are not yet received a viral status, and get into them early.
Finally, a good solution is to HODL a small affordable amount of MEW to escape from the traps of FOMO. Crypto is a decentralized space without any authority, and unpredictable things can happen. Do your research deeply and trade wisely!
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The post Cat In A Dogs World (MEW) Bull Run Continues After ATH With 6.88% Surge In The Last 24 Hours! appeared first on Kallanish Energy.
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