😺🔥Solana Meme Coin MEW Gathered 140%, Here's Everything
in the midst of the extraordinary price rise that he has witnessed, another competitor is emerging in the cryptocurrency space. Decat in Dogs World (#MEW ), a newly launched #Solana -based meme coin, seems to be gaining significant interest among crypto traders and investors with its price increasing by about 170% today, which has made the token the talk of the town.
Here's Why Did MEW Pique Investors' Curiosity?
In a remarkable piece of history, according to an earlier report by CoinGape Media, it seems that the Solana whales are attracted to this new meme coin MEW. A whale that changed its focus from the 'meme coin' BOME, which was the trend of that time, transferred a significant amount of funds to MEW, according to data from the chain.
This record has attracted a lot of attention in the cryptocurrency world, with even the BOME rebounding remarkably before the whale's focus changed. Dec Sundays, the whale accumulated 9.6 billion MEW, worth 10.8% of the total supply of the token, followed by other MEW accumulations, with investors reflecting optimism as a sense of confidence in the asset among whales in the broader crypto market.
MEW Price Rises
At the time of writing, the Cat in a Dogs World (MEW) token has registered an increase of 142.95% in the last 24 hours and is currently trading at $0.007612. Interestingly, while the token's market capitalization increased by 140.78% today to $ 639.45 million, the 24-hour trading volume jumped by 322.97% and currently stands at 352.37 million, the token has entered a steady upward phase.
Meme coin is already following the broader uptrend of Solana, while it is beginning to position itself as a significant competitor against the 'currently trending' Solana meme coin WIF. Solana was at $ 196.56 with an increase of 5.78% in the last 24 hours, while WIF remained at $ 4.50 with an increase of 22.98% in the last 24 hours.
