What is Cat in a dogs world (MEW token)?
Cat in a dogs world is a meme coin built on the Solana blockchain with the aim to compete with "Doge" themed meme coins. The project has completed the distribution of 5% of the total supply for an airdrop, thereby attracting investors to participate in the Solana revolution.
On April 4th, Cat in a dogs world surpassed 50,000 followers on Twitter and over 8,000 members on Telegram. The platform ranks 8th in the meme coin leaderboard and 14th in the Solana ecosystem based on market capitalization.
Previously, MEW token was listed on Bitget on April 3rd in the Innovation and Meme Zone. The withdrawal time is on April 4th. Other exchanges listing Cat in a dogs world include Raydium, BingX, KuCoin, HTX, among others.
Advantages and disadvantages of Cat in a dogs world
Advantages
- Disrupting the dominance of "Doge" meme coins: The project aims to disrupt the dominance of dog-themed meme coins in the cryptocurrency market, opening up strong development opportunities for cat-inspired tokens. This promotes healthy competition and stimulates development in the DeFi economy.
- Solana Blockchain: The platform is built on the SOL network and receives significant support from the Solana community. This allows Cats in a dogs world to leverage the performance of the blockchain, enabling investors to trade quickly through the Phantom wallet.
- Positive market reception: MEW token has received significant attention from the community with thousands participating in the airdrop program and trading the token when officially listed on both DEX and CEX exchanges.
Disadvantages
- Intense competition: The meme coin trend is growing rapidly with many major meme coins like Dogecoin and Shiba Inu, which may hinder the project's development. In the Solana ecosystem, the presence of WIF token from dogwifhat could pose challenges in popularizing the MEW token.
- Risks: Like most other meme coin projects, Cat in a dogs world has not disclosed information about the team, development roadmap, or whitepaper. This raises concerns about transparency and potential scams. Additionally, MEW token is highly susceptible to market volatility, so investors need to develop appropriate risk management strategies to avoid asset losses.
Tokenomics
- Token name: Cat in a dogs world
- Symbol: MEW
- Contract: MEW1gQWJ3nEXg2qgERiKu7FAFj79PHvQVREQUzScPP5
- Blockchain: Solana
- Total supply: 88,888,888,888 MEW
Token allocation
- Burned LP: 90%
- Airdrop to Solana community: 10%
Price fluctuation
According to CoinMarketCap data, MEW token is trading at 0.006574, up 340.63% in the past seven days. The market capitalization is $584,344,370 and the 24h volume is $246,185,706.