Cats are having their second within the wild world of meme cash.
A few quirky tokens, cat in a dogs world (MEOW) and Book of Meow (BOMEOW), have taken the market by storm this week with blistering rallies.
But whereas merchants scramble to become involved with these “cat coins,” a distinct animal-themed mission is quietly building hype – Slothana (SLOTH).
cat in a dogs world Rallies 459% in Just 4 Days
When it involves this week’s cat craze, cat in a dogs world has been main the cost.
Launched final week on March 27, this no-utility, cat-themed token took the Solana ecosystem by storm in a means few might have predicted.
Within 4 days of being listed on Raydium, MEOW had already rallied by 459% to succeed in an all-time excessive of $0.010.
At its peak, the token had an eye-watering $867 million market cap – territory often reserved for less than probably the most established cryptos.
MEOW’s rise caught the attention of main exchanges, with the token scoring listings on platforms like Gate.io and HTX.
While MEOW has seen some ups and downs since that peak, it has pumped one other 22% within the final 12 hours and now sits at $0.0070.
Fueled by over $200 million in spot buying and selling volumes, MEOW has turn into the 57th most traded crypto on the earth.
Book of Meow Rides Cat Coin Hype with 315% Price Pump
Hot on MEOW’s heels is one other cat-themed token, Book of Meow, which is shortly rising via the ranks.
As its identify implies, BOMEOW pays homage to the extraordinarily profitable Book of Meme (BOME) token that captured buyers’ consideration just some weeks in the past.
Like most meme cash, BOMEOW provides no actual utility.
However, the mission’s creators try to create an ecosystem past simply the token itself.
They’ve already launched an NFT assortment that includes beloved meme cats, with plans to roll out a staking software and NFT market down the road.
Whether these add-ons acquire traction stays to be seen, however Book of Meow has nonetheless exploded proper out of the gates.
The token solely launched on Raydium yesterday, but it has already skyrocketed 315%.
Over 10,000 merchants now maintain BOMEOW, which recorded $36 million in buying and selling quantity in its first 24 hours of existence.
Ultimately, cat in a dogs world and Book of Meow are the latest examples of how quickly meme cash can seize buyers’ consideration.
Is SLOTH Token the Next Meme Coin to Capitalize on Animal Mania?
While cats have been the celebrities of this week’s meme coin market narrative, the highlight would possibly quickly shift to a distinct space of the animal kingdom.
As dog-themed tokens fade from their former viral highs, different creatures are starting to achieve traction.
Just two weeks in the past, it was the sloth-themed SLERF (SLERF) that turned heads.
Now, Slothana is aiming for a similar viral stardom, positioning itself because the go-to possibility for these trying to escape the 9-5 grind.
Like these earlier than it, SLOTH has zero utility past pure hypothesis.
Yet this hasn’t stopped the SLOTH presale from elevating over $7.7 million in simply ten days as hype builds forward of the primary alternate listings.
Slothana has additionally constructed a following of over 10,500 people on Twitter – a neighborhood that can possible unfold the phrase post-listing.
Even standard influencer Crypto Aman, with 62,000 followers, has given the project a shout-out.
Taking all these components collectively, the stage seems set for Slothana to doubtlessly be the subsequent Solana-based meme token to blow up in April.
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