MEW token soars nearly 30%, reaching new all-time-high

Cat-Themed Solana Meme Coin Soars to New Heights

On November 14, the cat-themed Solana meme coin, MEW, reached an all-time high of $0.01238, surpassing its previous peak of $0.01165.

Explosive Growth

Since early November, MEW has witnessed a remarkable surge, gaining 43.8%. In the past 24 hours alone, it has jumped by 28.8%. Over the past week and two weeks, it has appreciated by 32.2% and 28.9%, respectively.

Market Dynamics

The MEW token currently trades at $0.01199, slightly below its recent peak. Within the last 24 hours, its trading volume has exceeded $782 million, representing a significant 182.50% increase.

Market Positioning

With a market capitalization of over $1 billion, MEW ranks 98th in the cryptocurrency market. Within the meme coin segment, it occupies the 11th spot, trailing dog-themed Neiro (NEIRO) but ahead of another cat-themed coin, Popcat (POPCAT).

Background

Launched in March 2024, MEW aims to challenge the dominance of dog-themed meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB). It has since gained prominence alongside other cat-themed coins like Popcat (POPCAT), Michi (MICHI), Happy (HAPPY), and Cat (CAT).