đ„đ€Ż $MEW: How WhiteBITâs Listing Made the Meme Coin a Top Gainer
đ On July 23, 2024, WhiteBIT listed MEW (Cat in a Dog's World), leading to a 70% surge and a new all-time high. Meme coins, like PEPE and dogwifhat (WIF), have exploded in value this year, with MEW becoming a standout in the meme coin space.
đ MEWâs market cap jumped from $350 million to $750 million between July 19 and 22, marking a 125% price increase. Built on Solana, MEW's performance is closely tied to SOLâs fluctuations.
đ MEWâs success was fueled by strong trading volume in South Korea, where it became the third most traded crypto on Bithumb, with a tenfold increase in daily trading volume from $800,000 to $8 million.
đȘđș The coinâs popularity soared after being listed on WhiteBIT, one of Europe's largest exchanges, on July 23. Trading volume reached $3.3 million on the first day and nearly $6.2 million the next.
đ WhiteBIT's Bounty Program further boosted MEWâs growth, with rewards totaling 6 million MEW (around $50,000). The program runs until August 12, with winners announced on August 26.
đ MEWâs rise shows strong market interest can drive token growth. Futures open interest peaked at $144 million during MEWâs ATH. WhiteBITâs crypto lending service may also attract interest, but it's essential to research and assess risks before investing.