April 4, 2024 2:15 AM | 1 min learn |
A meme cryptocurrency on Solana (CRYPTO: SOL) referred to as Book of Meow, which shares an analogous identify to Book of Memes (CRYPTO: BOM) is up 300% hours after buying and selling, attaining a market capitalization that topped $9 million.
What Happened: The workforce behind BOMEOW calls the meme token “the purr-fect variation of various mews throughout the whole meow-niverse. This e-book is a treasure trove of feline magic, assured to carry pleasure and wealth to its fortunate paw-sessors!”
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It is price noting that cat tokens at the moment are rallying, one being MEOW, which was up 14,000% on Wednesday alone.
The rise of BOMEOW is ready towards the backdrop of a broader pattern in crypto markets, the place cat-themed tokens have caught the flowery of buyers. Notably, MEOW witnessed a surge of 14,000% in a single day.
Data from Dexscreener reveals BOMEOW’s efficiency, highlighting a buying and selling quantity surging to $1.1 million, with current liquidity of $3.3 million. The meme cryptocurrency’s worth at the moment stands at $0.01283 or 0.00007015 SOL.
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Why It Matters: Even as Bitcoin (CRYPTO: BTC) confronted a downturn, falling under $67,000 ranges, which had vital knock-on results in liquidating many positions, these animal-themed tokens—notably cat-related ones—have held buyers’ consideration.
Several different cat-themed tokens are thriving like Cat in a Dog’s World (MEW), Popcat and Wen posting common beneficial properties of 6%. The curiosity and funding appear to be shifting in direction of others like Mog Coin, Real Smurf Cat and Ansem’s Cat, that are at the moment main the cost on this area of interest sector.
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