After WIF reaches a new high, Solana enters the "cat season"

On March 31, WIF broke through $4.85, with a 24-hour increase of 4.14%, setting a new all-time high again. At present, this "dog wearing a hat" has surpassed PEPE and become the third meme token in terms of market value. If you observe carefully, you will find that among the top 10 meme tokens by market value, nearly half are dog-related memes, and the top three are all occupied by “Dog coin”.

As the oldest in the field of encryption Meme coin, Dogecoin’s precedent of “using dogs as memes” has had a profound impact on the encrypted meme market. In the development of the past few years, almost all of the popular memes on the public chain are related to dogs, such as AIDoge of Arbitrum ecology, Chihuahua of Cosmos ecology, etc. Even in a podcast interview with Lex Fridman, Vitalik himself He also said that the "cat meme" has never been successful in the encryption market.

Interestingly, this seems to have changed after WIF.

Not long ago, a meme token called "Cat in a dogs world" (MEW) once again swept the Twitter encryption community and Solana ecosystem. MEW's main theme is "anti-dog sentiment". When you open its official website, the first thing that catches your eye is a simple slogan: "Dogs have ruled the world for too long." In the background image, a white cat ready to go points its paws at Bonk, Wif "Dog Gang" composed of well-known memes such as , Shib and so on.

After the pullback at the opening, MEW quickly ushered in the second wave of upward trend and gained up to 10 times the increase in two days. Yesterday, the community also discovered that users who purchased the second phase of Solana SAGA mobile phones also received a small amount of MEW airdrops. As of now, MEW’s market capitalization has reached $500 million, and its daily trading volume remains at $35 million.

With the popularity of MEW Continuing, Solana seems to be gradually entering the "cat season" hype craze. This morning, after MEW’s official Twitter forwarded a tweet from Ansem, a well-known KOL in the Solana ecosystem, a meme token named “Ansem’s Cat” (Hobbes) suddenly jumped to the top of Dexscreener’s Solana ecosystem hot list. Within 4 hours, $50 million in trading volume was created.

In addition to Hobbes, Solana’s recent popularity Trading pairs are also almost occupied by “cat coins”. In addition to "mainstream cat coins" such as MEW and NUB, many meme coins incorporate the essence of Solana's previous rounds of meme craze: borrowing the form of Wif, integrating "cat" into Silicon Valley companies or encryption projects such as Snapchat, Microsoft, CoinMarketCap, and Phantom in the name.

Since the beginning of this year, The meme hype of the Solana ecosystem has been leading the entire crypto meme market. This time, can the "Cat Coin Movement" launched by the Solana ecosystem make cats truly rise in the encrypted meme market?