The leadership in the category of meme coins has been taken over by cat-themed tokens.
Boeva Market capitalization of memcoins has already approached a record $70 billion. Coins on the Solana blockchain continue to dominate the bull market, with their total value exceeding $8 billion. It’s interesting that the biggest gains in the memcoin sector right now are not coming from such popular tokens as DOGE, SHIB, BONK or even WIF. Now traders have paid attention to a new category of cat-themed coins. Cat in a Dogs World (MEW), one of the latest cat meme tokens powered by Solana, is up 110% since launching this week. In just 48 hours of trading, the market capitalization of the token reached $200 million. According to data from the analytical service Lookonchain, several of the first crypto traders earned millions on MEW, starting trade everything from 30 SOL. One of them turned his $6,000 into $5,000 in just a couple of hours.
The hype around MEW and other cat-themed tokens could mean that meme coin enthusiasts are looking for a new profitable niche to capitalize on during the bull market. a. In addition, the growing interest in memcoins stimulates the Solana exchange rate. In March, the altcoin increased by almost 70%.
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