Written by: 0xFacai
On March 31, WIF broke through $4.85, with a 24-hour increase of 4.14%, setting a new record high. Currently, this "dog in a hat" has surpassed PEPE to become the third-largest meme token in terms of market value. If you observe carefully, you will find that among the top 10 meme tokens in terms of market value, nearly half are dog-related memes, and the top three are all occupied by "Dog coin".
As the oldest meme coin in the crypto field, Dogecoin’s precedent of “using dogs as memes” has had a profound impact on the crypto meme market. In the development of the past few years, almost every popular meme on the public chain is related to Dog-related, such as AIDoge from Arbitrum Ecosystem, Chihuahua from Cosmos Ecosystem, etc. Even in a podcast interview with Lex Fridman, Vitalik himself stated that the “cat meme” has never been successful in the crypto market.
Interestingly, this seems to have changed post-WIF.
Not long ago, a meme token called "Cat in a dogs world" (MEW) once again swept the Twitter encryption community and Solana ecosystem. MEW's main theme is "anti-dog sentiment". When you open its official website, the first thing that catches your eye is a simple slogan: "Dogs have ruled the world for too long." In the background image, a white cat ready to go points its paws at Bonk, Wif "Dog Gang" composed of well-known memes such as , Shib and so on.
After the opening high and then the callback, MEW soon ushered in the second wave of upward trend and gained up to 10 times in two days. Yesterday, the community also found that users who bought Solana SAGA Phase II mobile phones also received a small amount of MEW airdrops. As of now, the market value of MEW has reached 500 million US dollars, and the daily trading volume remains at 35 million US dollars.
As the popularity of MEW continues, Solana seems to be gradually entering the "cat season" hype. This morning, after MEW’s official Twitter forwarded a tweet from Ansem, a well-known KOL in the Solana ecosystem, a meme token named “Ansem’s Cat” (Hobbes) suddenly jumped to the top of Dexscreener’s Solana ecosystem hot list. It opened less than 4 A transaction volume of US$50 million was generated in a matter of hours.
In addition to Hobbes, Solana’s recent popular trading pairs are almost occupied by “cat coins”. In addition to "mainstream cat coins" such as MEW and NUB, many meme coins incorporate the essence of Solana's previous rounds of meme craze: borrowing the form of Wif, integrating "cat" into Silicon Valley companies or encryption projects such as Snapchat, Microsoft, CoinMarketCap, and Phantom in the name.
The Solana ecosystem’s meme hype has been leading the entire crypto meme market since the beginning of this year. This time, can the "Cat Coin Movement" launched by the Solana ecosystem make cats truly rise in the encrypted meme market?
