MEW Price Soars 18% Amid Major Listing Announcement

In recent events, Solana’s meme coin MEW has captured the attention of crypto market traders and investors globally. This digital asset has defied broader market trends with a striking nearly 18% price rally, even reaching a maximum surge of over 21% within the same period. This remarkable performance can be attributed to a major listing announcement by a major CEX Bithumb unveiled today, April 7, which has instilled significant optimism around the Solana-based meme token. The rally is especially noteworthy given the current market conditions, highlighting MEW’s potential and the growing interest in niche cryptocurrency markets.

MEW Listing Unveiled on Bithumb

The excitement surrounding MEW was further amplified by Bithumb’s announcement that it would be launching MEW (Cat in a Dogs World) on its platform. Bithumb specified that the support market for MEW is the Wonhwa Market, with the Solana network being the only supported network for deposits. The timeline for this launch was set with deposits starting today, April 7, at 03:30 PM, and trading and withdrawals commencing the same day at 06:00 PM.

The initial base price for MEW was pegged at 6.053 won, requiring 20 deposit confirmations. The announcement resulted in a dramatic spike in trading volume, with MEW reaching $92.5 million in the last 24 hours, a 63.70% increase from the previous day. This significant rise in market activity signals strong investor confidence and interest, driven by the anticipation of the new listing and the overall buzz in the crypto community.

Also Read: Crypto Prices Today June 7: Bitcoin Stands Firm Above $71K, Wormhole (W) Soars 12%

Current Market Performance and Future Prospects

As of the current writing, MEW (Cat in a Dogs World) is priced at $0.005179, backed by a substantial 24-hour trading volume of $92.5 million. This reflects a 17.97% increase in price over the last 24 hours and a 20.34% increase over the past week. With a circulating supply of 89 billion MEW, the token’s market capitalization stands at an impressive $459.1 million.

Bitget had also previously indicated its support for MEW, planning to list the token in April. Bitget’s announcement led to a near 50% price rally, showcasing the growing enthusiasm for MEW. According to Bitget’s statement, the platform began trading MEW on April 3, with deposits starting on April 4. This ongoing support from major exchanges like Bithumb and Bitget highlights the growing acceptance and potential for MEW, suggesting a promising future for this unique Solana-based meme coin as it continues to attract significant investor interest and market activity.

Also Read: Meme Coin GameStop ($GME) Jumps 118%, Roaring Kitty Eyes Billionaire Status

✓ Share:

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.