Cats are having their moment in the wild world of meme coins.
A pair of quirky tokens, Cat in the Dog World (MEOW) and Book of Meow (BOMEOW), have taken the market by storm this week with dizzying rallies.
But while traders rush to get involved with these “cat coins,” a different animal-themed project is quietly generating buzz: Slothana (SLOTH).
Cat in a Dogs World recovers 459% in just 4 days
As far as this week's cat craze goes, cat in a dog world has been leading the charge.
Launched last week on March 27, this cat-themed utility token took the Solana ecosystem by storm in a way few could have predicted.
Within four days of listing on Raydium, MEOW was already up 459% to reach an all-time high of $0.010.
At its peak, the token had an incredible market capitalization of $867 million, territory normally reserved only for the most established cryptocurrencies.
MEOW's rise caught the attention of major exchanges, with the tokens scoring listings on platforms such as Gate.io and HTX.
While MEOW has seen some ups and downs since that peak, it is up another 22% in the last 12 hours and now sits at $0.0070.
Driven by over $200 million in spot trading volumes, MEOW has become the 57th most traded cryptocurrency in the world.
Book of Meow Rides Cat Coin Hype with 315% Price Increase
Hot on the heels of MEOW is another cat-themed token, meow bookwho is rapidly rising through the ranks.
As its name suggests, BOMEOW pays homage to the extremely successful Book of Meme (BOME) token that caught the attention of investors just a few weeks ago.
Like most meme coins, BOMEOW offers no real utility.
However, the project creators are trying to create an ecosystem beyond the token itself.
They've already launched an nft collection featuring the beloved meme cats, with plans to roll out a staking app and nft marketplace in the future.
It remains to be seen if these add-ons gain traction, but Book of Meow has still exploded out of the gate.
The token was launched yesterday on Raydium, but it has already skyrocketed by 315%.
More than 10,000 traders now own BOMEOW, which recorded $36 million in trading volume in its first 24 hours of existence.
Ultimately, Cat in a Dogs World and Book of Meow are the latest examples of how quickly meme coins can capture the attention of investors.
Is SLOTH Token the next Meme coin that will capitalize on Animal Mania?
While cats have been the stars of this week's meme coin market narrative, the focus could soon shift to a different area of the animal kingdom.
As dog-themed tokens fade from their previous viral peaks, alternative creatures are starting to gain traction.
Just two weeks ago, it was the sloth-themed SLERF that turned heads.
Now, Slothana aims for the same viral stardom, positioning itself as the go-to option for those looking to escape the 9-to-5 grind.
Like the previous ones, SLOTH has no use beyond pure speculation.
However, this has not stopped the SLOTH pre-sale from raising over $7.7 million in just ten days as excitement builds ahead of the first listings.
Slothana has also gained followers fromtwitter.com/SlothanaCoin” data-wpel-link=”exclude” target=”_blank” rel=”nofollow noopener noreferrer”> more than 10,500 people on twitter – a community that will likely spread the word after listing.
Even the popular influencer crypto Aman, with 62,000 followers, x.com/cryptoamanclub/status/1775850794325053724?s=20″ data-wpel-link=”exclude” target=”_blank” rel=”nofollow noopener noreferrer”>has given recognition to the project.
Taking all of these factors together, the stage seems set for Slothana to potentially be the next Solana-based meme token to explode in April.
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