Upbit Listing Boosts MEW Memecoin: 28% Price Surge in 24 Hours

19-09-2024 By: Sakshi Jain

Upbit Listing News Surges MEW Memecoin Price By 28% in 24 Hours

Introduction

Cat in a Dogs World (MEW), a memecoin built on the Solana blockchain, recently gained substantial attention in the crypto world. This Solana-based token has quickly risen through the ranks of memecoins, securing listings on several major exchanges since its launch in March.

However, a recent development has significantly boosted its price and trading volume, marking a pivotal moment for MEW.

What’s the News?

MEW saw a major price surge following an announcement from South Korea’s leading crypto exchange, Upbit.

According to the announcement, Upbit has officially listed MEW as of 10:00 UTC today. The token is now available for trading in Bitcoin (BTC) and Tether (USDT) markets, with support exclusively for the Solana network.

Following the news, MEW experienced a rapid 28% increase in its price over the last 24 hours, reaching $0.0054. The listing on Upbit, which has a daily trading volume of around $2.5 billion, spurred a significant rise in trading activity, pushing MEW’s 24-hour trading volume to $186 million—a 311% increase.

Currently, MEW ranks as the fourth-largest meme coin on the Solana network with a market capitalization of $480 million.

The situation with MEW echoes a similar event last week when Nervos Network (CKB) saw a dramatic 111% increase after its Upbit listing.

Final Thoughts

The Upbit listing has undeniably fueled MEW’s bullish momentum, demonstrating the powerful influence that a major exchange listing can have on a token's performance.

While the rapid price increase has triggered short-term profit-taking, the surge in demand showcases MEW’s growing potential in the meme coin space.

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