Cat meme coins have surged as much as 40% following the Federal Reserve’s interest rate cut, CoinDesk reported. MOG jumped roughly 70% in the past two weeks, while POPCAT nearly reached a $1 billion market capitalization. CAT’s trading volume was $145 million in the past 24 hours. The outlet diagnosed this as a sign of returning risk appetite in the crypto market. “Meme coins are rallying on the expectation that the Fed rate cut will increase liquidity,” said Alex Andryunin, founder of crypto hedge fund Gotbit. “We expect them to continue appreciating over the next couple of months.”