In a surprising turn of events, the digital token MEW, associated with the Solana based memecoin project “Cat in a Dogs World,” is experiencing a surge in price and trading volume despite a general downturn in the cryptocurrency market.

Over the past 24 hours, MEW skyrocketed by a staggering 96.23%, reaching a price of $0.004364. This bullish run was accompanied by a 102.42% increase in trading volume, reaching a total of $139,721,924 USD.

It’s worth noting that MEW has a total supply of 88,888,888,888 tokens, placing its current market capitalization in the mid-tier range. While the exact cause of the price surge remains unclear, some speculate it might be tied to the recent whale activities.

According to CMC DexScan Bot community post, a large investor (whale) recently sold a significant amount of MEW tokens, roughly 44,679,100.48 MEW token(valued at approximately $195,380.76 USD) at a price of $0.004373. Similarly, another whale bought 65,242,141.25 MEW (278,438.54 USD) at $0.004268. This transaction could have triggered buying pressure from other investors, capitalizing on the whale’s potential exit strategy.

Currently, MEW sits at #161 in CoinMarketCap ranking. Investors interested in acquiring MEW can do so on various cryptocurrency exchanges, including LBank, Bitget, DigiFinex, BingX, and BiKing. According to a recent X post (Formerly Twitter) Mews World, MEW has been live on RainFi since 12 April.

MEW token’s impressive performance stands in stark contrast to the broader crypto market, which has been experiencing a correction in recent weeks. This anomaly highlights the volatile nature of meme coins and the potential for rapid price fluctuations.

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