MEW explodes to new all-time high after Bitstamp listing

Cat in the World of Dogs, Solana’s cat-themed meme coin, hit an all-time high on October 24.

With the rise of meme coins over the past few days, cat in a dogs world (MEW) reached a new all-time high of $0.01136, contributing to recent gains. The token recorded over $474 million in 24-hour volume, representing an increase of 177% as of the time of writing.

Meanwhile, the price of MEW traded around $0.01114 and buyers increased by 26% in the last 24 hours, pushing the market value of the meme coin to over $990 million. According to Crypto.news market data, cat in a dogs is the 83rd largest cryptocurrency by market value in the world.

In the meme coin segment, MEW ranked 10th overall, ahead of Mog Coin (MOG) and the other top-performing meme coin of the day, Goatseus Maximus (GOAT).

Bitstamp lists MEW token

On October 24, crypto exchange Bitstamp announced that it has added trading support for MEW as well as the WOO Network (WOO) token. Bitstamp added MEW/USD and MEW/EUR pairs for its users worldwide.

Meanwhile, Drift Protocol, a decentralized on-chain perpetual swap platform based in Solana (SOL), has also added support for MEW perpetual futures. The contract provides investors with up to 4x leverage. This follows the launch of MEW suspects on layer-2 chain Base Kwenta and Synthetix, which went live on October 22.

The combination of surging meme coins and a number of listings is what catalyzed the cat-themed token’s rise to a new ATH.

In the dog world, cat futures open interest increased by 59% to over $211 million, according to data from Coinglass. The bullish outlook for the Meme coin has also seen MEW liquidations rise above $2.47 million in the last 24 hours; most of which were $1.79 million in short liquidations.