As Solana meme cash proceed dominating the bull market, merchants are shifting to a brand new area of interest of cat-themed tokens.
The meme coin market cap has elevated by 9% in the present day, reaching almost $70 billion. Inside this sector, the market cap of Solana meme cash has elevated by over 20% in the present day, exceeding $8 billion.
Nonetheless, the highest gainers within the meme coin market in the present day should not the preferred tokens like DOGE, SHIB, BONK, and even WIF, which reached a brand new all-time excessive. As an alternative, it’s a brand new class of cat-themed tokens.
Cat in a Canine World (MEW), one of many newest Solana-based cat meme tokens, rallied by 110% in the present day after launching earlier this week. Inside simply 48 hours of buying and selling, the token reached a $200 million market cap.
Lookonchain says a number of early merchants have made thousands and thousands with MEW, beginning buying and selling as little as 30 SOL. One dealer turned a $6,000 funding into $530,000 in hours. The hype behind MEW appears to be shifting pursuits, as meme cash lovers always search for the following promising presale within the bull market.
The rising curiosity in meme cash drives Solana’s market efficiency, because the altcoin gained almost 70% in March.