“MEW” cat coin goes viral on Solana, this dogecoin could explode
Solana Meme coins continue to dominate the market, and most recently, Mew Cat Coin (MEW) exploded after going viral on X .
Analyze MEW’s current price trends and see if Dogecoin’s latest version represents a more promising investment opportunity.
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MEW Price Analysis: Can the New Giant Cat in Town Soar to Solana Meme Token Status?
Mew the Cat’s current market price is $0.00134 (representing a 24-hour change of -29.87%) as price action consolidates at lower trendline support.
This follows the launch of the MEW cat coin on March 26 at 6am UTC, a listing that quickly gained traction due to the sudden virality of Solana meme coin traders on X.
MEW price surged, surging 15,500% during the seven-hour rally, hitting an all-time high of $0.0037 at 12:00 pm on March 26.
However, this dramatic move allowed early backers to accumulate huge gains, and in the hours that followed, a wave of profit-taking swept the charts, resulting in the price plummeting -64%.
This leaves the army of 9.19k holders struggling to establish consolidation above the lower support at $0.001.
However, with a market capitalization as high as $118 million, the upside is going to be tough from here on out, with the current 10x gain dependent on an influx of over $900 million in trading volume.
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