- Arthur is bullish on MEW, a Solana-based memecoin with a limited supply of 91 million tokens.
- MEW’s recent gains reflect the rising popularity of cat-themed meme coins in 2024.
Well-known memecoin trader Arthur has tweeted his optimism for MEW, a Solana-based memecoin. He underlined how MEW might surpass its current all-time high (ATH) of $0.009, suggesting that should this mark be attained, $0.1 would become the next target.
With just 91 million tokens available, Arthur underlined his optimistic stand on the token. He also made hints about a forthcoming significant MEW team announcement scheduled for publication this Sunday, which might boost token momentum even more. “We can see it flying hard in the incoming days,” Arthur said, capturing the expectation of community.
$MEW is going to break 0.009 ATH
If this happens it means we are going to fly to 0.1$ target.I’m bullish on it beside with @dollarmoonio , which only has 91M tokens in the supply and the team is going to drop big news on Sunday!
We can see it flying hard in the incoming days. pic.twitter.com/TKmLvDqFqH
— Arthur (@arthurcoins) October 14, 2024
Cat-Themed Tokens Rise, Challenging Dog-Themed Meme Coin Dominance
MEW gained media attention yesterday by ranking among the top 100 cryptocurrencies by market cap. Though it has slightly corrected today, with a decrease of almost 7.66%, the cat-themed meme token rose 25.46% over the last week. Its current price is about $0.008001.
MEW’s market cap has been boosted to over $710 million by this amazing rally, therefore supporting its increasing position in the meme coin space.
Built on the Solana blockchain, another cat-themed meme coin called POPCAT also shows success, which is reflected in MEW.
Aiming to challenge the long-standing supremacy of dog-themed meme tokens such as Dogecoin, Shiba Inu, and the more recent Dogwifhat (WIF), cat-themed tokens have become a defining trend this year. As investors investigate fresh stories inside the meme coin ecosystem, the concentration on feline-inspired tokens shows a clear change in market dynamics.
Beside that, earlier CNF reports revealed the optimistic view of numerous crypto analysts on the possibilities of cat-themed meme coins such as MEW and POPCAT. A crypto pundit noted that major market swings for these coins were driven by platforms like Bithumb.
Bithumb’s contribution, along with the continuous buzz around cat-themed tokens, has helped to influence the general market sentiment in favor of these tokens.
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