Upbit announced the inclusion of the MEW/KRW trading pair, which will be available from 16:00 UTC on October 21.
A surprising increase in the price of MEW occurred on Monday, which caused Cat in a Dogs World to become the topic of conversation throughout the meme cryptocurrency sector.
Recent market data indicates a 14% increase in the price of the Solana meme token, following its listing on a well-known cryptocurrency exchange. Upbit, a pioneering South Korean cryptocurrency exchange, recently revealed that they are launching a token on their trading platform, pegged to the associated Korean Won (KRW) pair.
This decision has sparked a frenzy in the market, making the Solana-based coin the third meme coin to achieve this feat, after DOGE and SHIB. Upbit announced in an official release on October 21 that they will add Cat in a Dogs World to the KRW market today.
The cryptocurrency exchange made the announcement. This indicates that customers will be able to trade the MEW/KRW pair on the exchange beginning at 16:00 UTC today.
Cat in a Dogs World (MEW) Secures Listing On Upbit After DOGE & SHIB
According to the statement, we prohibit buy orders for approximately five minutes after determining the trading support. Furthermore, according to the South Korean cryptocurrency exchange, the only way to make deposits and withdrawals is through the MEW-Solana supervised network.
Furthermore, the only method for deposits and withdrawals is through personal wallet addresses, subject to the completion of ownership verification. Nevertheless, the listing, which provides increased trade offerings in the Asian market, sparks bullishness because it prepares the way for additional engagement between traders and investors with the asset.
It is noteworthy that the Solana-based token, following in the footsteps of DOGE and SHIB, is the third meme currency to enter the exchange with the KRW peg. Despite the ongoing events, the price of MEW surged today due to the news that Upbit was planning to list it.
Solana Meme Coin Extends Gains
During the past twenty-four hours, the price of MEW has increased by fourteen percent, and it is currently trading at $0.009561. Throughout the day, the coin reported low and high prices of $0.008382 and $0.01043, respectively.
As a result of the listing news, the coin’s intraday trading volume experienced a spectacular 370% surge, reaching $358.26 million. This indicates that traders have also responded positively to the announcement.
Meanwhile, market observers predict further gains for the asset, primarily due to the listing news and historical data. Additionally, Upbit’s announcement of the Solana meme token’s listing on the Bitcoin and USDT marketplaces last month led to a remarkable surge in its value.
The most recent KRW pair listing has received a large amount of attention as a result of this previous performance. Furthermore, the Solana-based coin’s futures open interest increased by approximately 16%, reaching $165.43 million today, according to the statistics provided by Coinglass.
Furthermore, the amount of derivatives increased by 302%, reaching $1.32 billion, which instilled cautious optimism. The price gains that occurred today support the data suggesting that MEW is currently on an upward trend.
