Solana-Based Memecoin Reaches Historic High After Key Announcement

The Solana-based "Cats in a Dogs World" (MEW) meme coin reached a new all-time high after an impressive 18% price jump.

This increase came after South Korean exchange Upbit announced the addition of the Korean won (KRW) as a trading pair for MEW.

Prior to this announcement, the price of the MEW was $0.0089. After the news was spread, however, the coin experienced a bullish momentum that boosted its price to $0.010.

Upbit had previously listed MEW with various pairs, including Bitcoin (BTC) and USDT, back in September. That initial listing sparked a rally, but the coin failed to surpass its previous all-time high.

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The previous high for MEW was $0.0097, reached in March. At the time of writing, the meme coin is trading at $0.0095

Interestingly, the market reaction to this latest development may come as a surprise to some. Typically, listings on Upbit lead to a rise in the prices of the respective cryptocurrencies. For example, last week’s listing of Injective (INJ) resulted in a 10% jump within minutes.

Alongside the price uptick, MEW trading volume also saw a significant increase. According to Santiment, token volume has exceeded $200 million, indicating solid support from market participants during this rally.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.