Solana’s Cat-Themed MEW Soars 88% Upon Whale’s 479M Purchase

The everlasting fight between cats and dogs enters the crypto realm as Solana memecoin MEW leads the day’s top gainers.

Confident cat sitting in an armchair as a huge whale behind him staring at him.
Created by Gabor Kovacs from DailyCoin
  • Solana’s emerging feline coin MEW gains 88% upon major listing.
  • SOL whale acquires $1.54M worth of MEW in early Monday hours.
  • OKX joins KuCoin and HTX as the third major CEX to list Solana’s MEW.

A Cat in a Dog’s World (MEW) emerged as the top gainer among altcoins this Monday, whipping up 88% gains to enter crypto’s TOP 200 by global market cap. MEW fetched 439% gains in the first week since inception, claiming an all-time high of $0.009716 on the last day of March.

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Retracing over 50% from the achievement, MEW is once again vivid in the ever-shifting crypto horizon. The feline currency gained 88% over the past 24 hours to change hands at $0.005497 at press time. The Cat’s in a Dog’s World market cap swiftly approached $500 million as the major centralized OKX exchange announced MEW’s listing on Spot.

Intriguingly, the OKX listing occurred several hours after several SOL whales had been spotted making huge waves in the crypto waters. Namely, LookOnChain identified two massive transactions on Solana’s chain involving MEW and Slerf (SLERF).

Solana Whales Wake Up to Meowing

Ahead of today’s MEW price surge, a whale on Solana’s network withdrew 10,438 SOL from Binance, only to splash it all on MEW at $0.0032. If the whale had sold off their MEW stake at daily heights of $0.0058, the SOL whale would have made a 55% profit.

Within further on-chain research into the aforementioned whale’s cryptocurrency address, DailyCoin found out that the SOL whale had transferred 300,000,000 MEW to another on-chain wallet and holds the remaining 180,619,547.53 MEW, worth $646.5K as of press time, according to blockchain explorer SolScan.io.

On the Flipside

  • Memecurrency trading has a higher volatility range than most large market cap altcoins, while Fear of Missing Out (FOMO) has produced several unfortunate Solana whales.
  • Cat in a Dog’s World max supply is capped at 88,888,888,888, but with today’s 88% upswing, the MEW token still succumbs to a 5.7% deficit over the past two weeks amid severe market correction.

Why This Matters

The memecoin frenzy has contributed towards raising awareness about blockchain technology, producing the hottest month in trades this March, claiming $80 billion at the top of the bull cycle.

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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Tadas Klimasevskis

Tadas Klimaševskis is a Lithuanian journalist at DailyCoin, specializing in covering the lighter side of the crypto industry such as memecoins and pop culture in the metaverse. He has experience as a music artist, English language teacher, and freelance writer, and uses his creative writing skills to summarize valuable information in his work. He is also a strong believer in the potential of blockchain and spends his free time listening to music, traveling, and watching basketball games.