Cat-Themed MEW Meme Coin Skyrockets Amidst Critical Allegations 🐈
The crypto market sees a meteoric rise in the 'cat in a dogs world' (MEW) meme coin, which has surged over 85% in the last seven days. Launched on the Solana blockchain, MEW aims to challenge prominent dog-themed meme coins like Dogecoin and Shiba Inu.
MEW ranks tenth in market capitalization among meme coins, boasting a value of $692 million and exceeding $250 million in trading volume. Trading at $0.007781, it surged 5.7% within 24 hours.
Developers declared the 'global cat season,' predicting cat-themed meme coins will outperform dog-themed counterparts. MEW's collaborations, notably with Web3 gaming project Pixelverse, enhanced its visibility.
On July 22, MEW's trading volume skyrocketed to $2.07 billion, reflecting significant speculative interest. However, it faces serious allegations of unethical practices and undisclosed paid promotions, raising concerns over key opinion leaders' integrity.
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