"Cat" memcoin cat in a dogs world (MEW)

However, there are projects like cat in a dogs world that have managed to draw the crypto community's attention and become a favorite for tens of thousands of users.

What is cat in a dogs world?

Cat in a dogs world with the ticker MEW is a memcoin issued on the Solana blockchain. Not much is known about the cat in a dogs world project itself: we do not know who it was issued by, its idea, or its creators' plans for the future. The official website of the project lacks even a single paragraph describing the essence of the project cat in a dogs world and its purpose, but this did not prevent it from gathering a large enough fan base.

One of the possible reasons why the project has caught the attention of the crypto community is the use of a "cat-based" meme as opposed to the commonly used dogs and frogs (Pepe), as well as the release of the Solana network, which continues to gain popularity and attract more and more new users to its ecosystem. An equally strong driver for attention could be the distribution (airdrop) of MEW tokens to owners of the new Solana Saga 2 smartphones. As a result, the cat in a dogs world project managed to get more than 200,000 holders of its MEW token.

The MEW token was issued in March 2024. Within just a few weeks of listing, it reached a capitalization of over $800 billion, something that even well-known crypto projects like Celestia, Sei, and Worldcoin have not always managed to do.

It may seem ridiculous, but as of July 2024, the $313 million capitalization of the cat in a dogs world token is more than one major blockchain project such as:

Before distributing tokens to members of the Solana crypto community, the creators of the memcoin cat in a dogs world used a strategic burn mechanism, destroying 90% of all tokens in the liquidity pools and distributing the remaining 10% to the community. This may have been an additional factor in the rapid growth of the MEW token rate early after the launch.

A total of 88 888 888 888 MEW tokens were issued, all of which are traded on the crypto market. This number is the token issuance limit, which is unlikely to be increased.

After peaking at the end of March 2024, the price of the MEW token began to decline and continued to fall until July. The token is useless: users can only buy, store, and sell it.

What to expect from cat in the dogs world?

In the best traditions of many memcoins, the cat in the dogs world project has a primitive website without a Whitepaper or a detailed description of the project and its mission, and the only communication channels are Twitter (X) and Telegram. With such a set of data, it is hardly possible to talk about any future of the project seriously.

At the same time, despite the lack of crucial information about the project, cat in a dogs world is mentioned in significant crypto media, such as Cointelegraph, and is gaining partners, including LOCUS Animation Studios, a well-known South Korean animation studio that produced the popular movie releases Red Shoes and Yumi's Cells, which were broadcast in 128 countries. One of the famous crypto projects, Pixelverse, has added the MEW token to its metaverse.

As empty as the cat in a dogs world project may seem, the MEW token has been flooded by significant exchanges in the crypto market, such as Binance, ByBit and OKX.

According to the CoinMarketCap report, cat in a dogs world showed the strongest growth among memcoins on Solana, surpassing even BONK, WIF, POPCAT and BOME. According to the report submitted, the MEW token has grown by more than 19,000% since its initial launch.

At the very least, the cat in the dogs world project is worth watching.