On October 24, the “Cat in the Dog World” meme coin on the Solana blockchain skyrocketed to a new all-time high.
With the popularity of #Memecoins🤑🤑 surging over the past few days, the “Cat in the Dog World” (
MEW) token added to its recent rise to reach $0.01136, setting a new all-time high. In 24 hours, the token's trading volume totaled more than $474 million, representing a 177% increase at the time of writing.
Meanwhile, the price of MEW was hovering around $0.01114 and the number of buyers increased by 26% in the last 24 hours, bringing the meme coin's market capitalization to over $990 million. According to crypto.news market data, the “cat in the dog box” is ranked 83rd in terms of market capitalization among cryptocurrencies.
In the meme coin segment, MEW ranked 10th overall, ahead of Mog Coin (MOG) and another popular meme coin Goatseus Maximus (GOAT).
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Bitstamp lists MEW token
On October 24, cryptocurrency exchange Bitstamp announced that it has added support for MEW trading as well as the WOO Network ($WOO
) token. Bitstamp has added MEW/USD and MEW/EUR pairs for its users worldwide.
Meanwhile, Solana-based decentralized open-ended swap platform Drift Protocol ($SOL
) has also added support for MEW open-ended futures. The contract allows traders to leverage up to 4x. This follows the launch of perpetual MEW futures on Kwenta and Synthetix on Base's Tier 2 network on October 22.
A combination of growing demand for meme coins and a series of listings led to the cat-themed token hitting a new all-time high.
According to Coinglass, open interest in “Cat in Boots” futures rose 59% to over $211 million. The bullish outlook for the meme coin has also led to over $2.47 million in MEW liquidations in the past 24 hours, most of which were liquidations of $1.79 million in short positions.
