The rise of cat meme coins! MOEW soared by more than 22,000% within one hour of being online

The website (120BTC.com) pointed out that the meme coin craze continues to spread, although after the "dog coin" swept the cryptocurrency market before, there is now a "cat coin" craze, Solana Recently popular trading pairs are almost occupied by "cat forces" such as MEW, Hobbes, SNAPCAT, etc., and MOEW released by Bitget Wallet also surged by more than 22,000% one hour after it went online. This "cat-dog war" has no end, and it is all about money. tide.

CoinMarketCap data shows that "donotfomoew (MOEW)" was issued on the Base network, with a maximum increase of $0.0046 after the opening. The current trading price is $0.0030, with an intraday trading volume of $612,000, and a fully diluted valuation ( FDV) reaches US$30 million.

According to data from Basescan, there are currently 10,402 wallets holding MOEW.

Bitget’s wallet team wrote on social media platform On the other hand, "Cat in a dogs world (MEW)" based on Solana performed well when it debuted last month. It also experienced a correction after the opening, but soon ushered in a second wave of gains. It surged over 300% from $0.0023 to $0.0097 in two days.

As of now, the market value of MEW has reached US$570 million, but the daily trading volume has dropped from US$100 million to about US$70 million.

Senior investors pointed out that Meme currency is highly speculative and volatile, and investors should carefully assess risks. Although the dog-like coins headed by BONK and WIF once pushed the total market value of Meme coins to expand to 70 billion US dollars on April 1, MEW, which came from behind, also successfully increased its popularity in a short period of time, but Rug Pull cut the leek to zero. There are also many Meme coins.

The above is the detailed content of The rise of cat meme coins! MOEW soared by more than 22,000% within one hour of being online. For more information, please follow other related articles on the PHP Chinese website!