Altcoin
MEW Price Shoots Up 14% On Major Exchange Listing After SHIB and DOGE
Solana meme coin Cat in a Dogs World stole the spotlight across the meme crypto sector on Monday as MEW price witnessed a remarkable surge. Recent market data reveals that the Solana meme token’s price shot up nearly 14% in light of listing on a renowned cryptocurrency exchange.
Notably, South Korean crypto exchange pioneer Upbit revealed that the token is being listed pegged to the Korean Won (KRW) pair on the trading platform. This decision has echoed a market frenzy, as the Solana-based coin emerges as the third meme coin to achieve such a feat after DOGE and SHIB.
Cat in a Dogs World (MEW) Secures Listing On Upbit After DOGE & SHIB
In an official Upbit announcement dated October 21, the crypto exchange revealed that it is adding Cat in a Dogs World to the KRW market today. This means that users can trade the MEW/KRW pair on the exchange starting at 16:00 UTC today. Buy orders are restricted for approximately 5 minutes after the trading support, the announcement notified.
Further, deposits and withdrawals are only supported through the guided network MEW-Solana, as mentioned by the S. Korean crypto exchange. Also, deposits and withdrawals can only be made via personal wallet addresses, given confirmation of ownership is completed. Nevertheless, the listing, offering enhanced trade offerings in the Asian market, ignites bullishness as it paves the way for additional trader and investor interaction with the asset.
It’s noteworthy that the Solana-based token is the third meme coin that has been integrated into the exchange with the KRW peg after DOGE and SHIB. Simultaneously, MEW price today rode bullish waves following the Upbit listing announcement.
Solana Meme Coin Extends Gains
MEW price noted an uptick of 14% in the past 24 hours and is currently trading at $0.009561. The coin’s intraday low and high were recorded as $0.008382 and $0.01043, respectively. Traders also appear to have reacted positively to the listing announcement, as the coin’s intraday trading volume noted a staggering 370% increase to $358.26 million.
Meanwhile, market watchers anticipate further gains for the asset, primarily attributable to the listing announcement whilst reflecting on previous data. Notably, the Solana meme token also rallied remarkably the previous month as Upbit revealed listing for it in BTC and USDT markets. This past performance has brought significant attention to the latest KRW pair listing.
In addition, Coinglass data indicated that the Solana-based coin’s futures OI upsurged nearly 16% to $165.43 million today. Moreover, even the derivatives volume gained 302% to $1.32 billion, sparking optimism. Coupled with today’s price gains, data indicates that MEW is currently on an uptrend.
Coingape Staff
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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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