Korean Exchange Trades MEW Meme Token More Than Bitcoin (BTC)

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The meme token MEW has taken over the South Korean market. MEW surpassed even Bitcoin (BTC) in daily volumes, riding on the trend of cat-themed memes. MEW is one of the few meme assets offered to South Korean traders, and enjoys a growing fandom.

Cat in a Dog’s World (MEW) peaked as the most traded asset on Bithumb, in a pairing with the South Korean won. MEW is otherwise not lining up among the top memes valued above $1B, but seems to have a loyal following and active trading history. MEW recently flipped Book of Meme (BOME), which has fallen out from the hottest trends.

MEW rallied after a revival of cat-themed tokens, after the launch of MIGGLES tokens based on the Mr. Miggles NFT by Coinbase. Meme tokens also show a more robust capability of rallying compared to older tokens or altcoins. 

MEW goes through another rally cycle

The MEW token started trading in April, and gained listings to OKX and Bithumb over the past few months. Bithumb was the market to really take off, boosting MEW volumes in the past week. 

Trading volumes grew close to $300M, the highest level since the launch of Bithumb trading. MEW is close to its higher range, trading at $0.0073, after touching $0.008. MEW is relatively conservative compared to the latest trending meme tokens. Even with its recent gains, MEW is not among the day’s top gainers on the most active DEX. 

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