Cat-tastic Climb: MEW Token Reaches New All-Time High

The Solana-based meme coin, MEW, has seen a dramatic surge in value, reaching a new all-time high on 14 November, surpassing its previous peak of £0.01165. This remarkable growth comes amidst a recent trend of meme coin dominance, with other tokens like PNUT and PEPE also experiencing record-breaking gains.

MEW, a token inspired by the ever-popular feline theme, has experienced a phenomenal climb since the start of November, soaring 43.8% over the past month. The last 24 hours have seen an even more dramatic upswing, with the token rising 28.8%, reaching a peak of £0.01238. While the price has dipped slightly since then, currently trading at £0.01199, the trend remains positive, with a 32.2% increase over the past week and a 28.9% gain over the last fortnight.

The recent surge in market activity is reflected in the trading volume, which has exceeded £782 million in the last 24 hours, representing a staggering 182.50% increase compared to the previous day. This substantial increase in trading volume indicates a growing interest in the MEW token, potentially driven by the recent price surges and its rising popularity.

With a market cap exceeding £1 billion, MEW currently holds the 98th position in the cryptocurrency ranking. Within the meme coin segment, it ranks 11th, trailing the dog-themed Neiro (NEIRO) and sitting three places behind another cat-themed coin, Popcat (POPCAT).

The MEW token, adorned with a cute cartoon cat icon, boasts a fully diluted valuation of over £1.06 billion, with a circulating supply of more than 88 billion MEW coins.

The cat in a dog's world meme coin was launched in March 2024 with the ambitious aim of challenging the dominance of dog-themed meme coins like NEIRO (NEIRO), DOGE (DOGE), and SHIB (SHIB) in the crypto market. MEW quickly rose to prominence, securing a market cap of over £317 million, alongside other cat-themed coins such as POPCAT (POPCAT), MICHI (MICHI), HAPPY (HAPPY) and CAT (CAT).

The recent surge in MEW's value demonstrates the growing influence and appeal of cat-themed meme coins in the cryptocurrency landscape, suggesting a potential shift in the popularity dynamics of the meme coin market. Whether this trend continues remains to be seen, but MEW's rapid ascent suggests it has become a force to be reckoned with in the world of meme coins.