MOG Outshines Memecoins With Cult Launch With $845 Million USD

Cult, a new memecoin, surpassed its initial value of more than $600 million within hours of its launch. Competition within the memecoin ecosystem has been further shaken up by MOG, which now holds the title of the largest cat-themed memecoin in terms of market capitalization, surpassing POPCAT.

<a target="_blank" href="https://dexscreener.com/ethereum/0xc4ce8e63921b8b6cbdb8fcb6bd64cc701fb926f2″ target=”_blank” rel=”nofollow”>Dexscreener reported that Cult, an ethereum-based memecoin, made its debut on December 5, and the coin reached a fully diluted initial valuation peak of $845 million and then stabilized at approximately $630 million. FDV represents the value of a crypto project's total supply if all of its tokens were in circulation on the market, helping investors assess the health of a project. Similarly, Mogcoin (MOG), a memecoin that originated from cat memes, surpassed Popcat (POPCAT) in market capitalization with $1.46 billion. This makes it the largest token in the cat coin category.

Cult launch

<a target="_blank" rel="nofollow" href="https://x.com/RemiliaCorp333″ target=”_blank”>Remilia CorporationThe creators of the Milady Maker nft collection, had been making cryptic jokes on social media for months prior to the token's launch. According to Charlotte Fang, leader of Remilia Corporation, the Cult token is not only monetary but also an ideologically driven ecosystem. She called it “fundamentally different.” The extraordinary event comes immediately after the ICO has raised $20.5 million in <a target="_blank" rel="nofollow" href="https://x.com/MiladyCult/status/1801027806270235069″ target=”_blank”>pre-salt funds; The team has structured the token to emphasize long-term community engagement.

<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter“>

MOG Token Takes Over POPCAT

according to Coin Market ValueAbout 64.26% of investors have balances ranging between $0 and $1,000, with significant growth to $100,000 in 2.49% tranches, suggesting broad appeal for retail and large investors. A balanced distribution of whales accounts for 23.88% of the supply, while smaller holders hold 76.12%, reflecting high confidence in the token. Furthermore, the growth rate among medium-term investors is 64.4%, traders 28.65%, and long-term investors 6.91%. Even as activity increases, transaction fees remain low, helping to ensure efficient trading and liquidity.

The overall trend of MOG is reflected in its growing market capitalization, balanced participation of investors at all levels, and increasing market share. The rise of memecoins like Cult and MOG shows the rise of memecoins as investment vehicles for community ecosystems, despite their inherent volatility and risk.