Solana-based meme coins MEW experiences an 18% price hike following a significant listing on Bithumb. Discover how this announcement ignited investor enthusiasm and increased market activity.
In recent events, Solana’s meme coin MEW has captivated the attention of crypto market traders and investors worldwide.
This digital asset has defied broader market trends with a remarkable price rally of nearly 18%, reaching a maximal surge of over 21% within the same period.
Today, June 7, a significant listing announcement by a major CEX, Bithumb, has instilled significant optimism around the Solana-based meme token, which has contributed to this remarkable performance.
Given the present market conditions, the rally is particularly noteworthy, as it highlights MEW’s potential and the increasing interest in niche cryptocurrency markets.
Bithumb Announces MEW Listing
Bithumb’s announcement that it would be introducing MEW (Cat in a Dogs World) on its platform served to heighten the enthusiasm surrounding the game.
However, Bithumb stipulated that the Wonhwa Market serves as the support market for MEW, with the Solana network serving as the sole supported network for deposits.
The launch timeline has been determined, with deposits beginning today, June 7, at 03:30 PM, and trading and withdrawals beginning the same day, at 06:00 PM.
MEW’s initial base price was 6.053 won, requiring 20 deposit confirmations.
The announcement led to a significant increase in trading volume, with MEW reaching $92.5 million in the last 24 hours, a 63.70% increase from the previous day.
The substantial increase in market activity is indicative of the strong interest and confidence of investors, which are being driven by the anticipation of the new listing and the general excitement in the crypto community.
Current Market Performance and Future Prospects
At the time of this writing, MEW (Cat in a Dogs World) is priced at $0.005179 and has a substantial 24-hour trading volume of $92.5 million.
Moreover, this indicates a 17.97% increase in price within the last 24 hours and a 20.34% increase within the past week.
The token’s market cap is an impressive $459.1 million, with a circulating supply of 89 billion MEW.
Meanwhile, Bitget had previously expressed its support for MEW and intended to list the token in June.
Bitget’s announcement resulted in a near 50% price hike, which illustrated the growing interest in MEW.
As per Bitget’s statement, the platform commenced trading MEW on June 3, with deposits starting on June 4.
This continuous support from major exchanges such as Bitget and Bithumb underscores the increasing acceptance and potential of MEW, indicating a promising future for this distinctive Solana-based meme coin as it continues to generate substantial investor interest and market activity.
