As Solana meme coins continue to dominate the bull market, traders are turning to a new sector of cat-themed tokens.
The meme's market capitalization rose 9% today, reaching nearly $70 billion. In this sector, the market cap of Solana meme coins has increased by more than 20% today, exceeding $8 billion.
However, the biggest winners in the coin market today are not the most popular tokens like DOGE, SHIB, BONK or even WIF, which reached a new all-time high. Instead, it's a new class of cat-themed tokens.
Cat in a Dogs World (MEW), one of the newest Solana-based cat tokens, surged in value by 110% today after launching earlier this week. Within just 48 hours of trading, the token reached a market cap of $200 million.
Loconchine He says many early traders made millions with MEW, starting trading at as low as 30 soles. One trader turned a $6,000 investment into $530,000 in hours. The hype behind MEW seems to be shifting interests, with meme enthusiasts constantly searching for the next promising presale in a bull market.
Growing interest in memecoins has driven Solana's market performance, with the altcoin surging nearly 70% in March.
