According to CryptoPotato, the meme coin market has seen significant activity, with its market capitalization increasing by 2% to surpass $57 billion. While dog-themed coins like Dogecoin (DOGE) and Shiba Inu (SHIB) experienced moderate gains, cat-themed meme coins have notably outperformed them. Cat in a Dogs World (MEW) saw a remarkable 40% increase in value over the past 24 hours, reaching a new all-time high of over $0.008 and a market capitalization exceeding $700 million, making it the 109th largest cryptocurrency in the sector. Analysts, including the X user Limbo, suggest that MEW's market cap could soon surpass $1 billion. Other cat-related meme coins, such as Wen (WEN), MANEKI (MANEKI), catwifhat (CWIF), and Catcoin (CAT), also saw double-digit gains. However, Popcat (POPCAT), the largest cat-related token by market cap, experienced a decline, trading at around $0.89 after reaching an all-time high of nearly $1 on July 21. Dog-themed meme coins, which make up about 70% of the sector's total market capitalization, saw more modest gains. Dogecoin (DOGE) increased by approximately 5%, while Shiba Inu (SHIB) remained at similar levels to those observed on July 21. Other dog-themed tokens like Dogwifhat (WIF), Bonk Inu (BONK), and Floki Inu (FLOKI) also performed well but were outshined by the cat-themed tokens. The meme coin market remains highly volatile, and it is uncertain whether the current trends will continue or if a correction will occur. Investors are advised to exercise caution and invest only what they can afford to lose.