Cat tokens are rallying while DOGE struggles, but I wouldn’t call this a new meme season just yet. What stands out is how selective the move is. Catecoin, Cash Cat, and Anonymous Cat are posting gains, yet all are still recovering from deeper monthly losses. Anonymous Cat giving back 7% in an hour also shows how quickly momentum can reverse. With DOGE open interest at $1.29B but relatively few liquidations, this doesn’t look like a broad meme-driven squeeze. It feels more like speculative money rotating between small pockets of liquidity. Personally, I’d watch whether DOGE can hold $0.080 and whether these cat tokens sustain their gains with stronger volume. If the smaller memes are leading while DOGE stays weak, is this genuine rotation—or just traders chasing the few green candles left?