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Cats Trump Dogs In Token Transaction Volume

Over the past 24 hours, cat-themed tokens have become the number one trending tokens, boasting more than $340 million in trading volume.

The dominance of these feline-themed digital assets over the dog-themed ones indicates a significant shift in investor sentiment for meme coins. According to a GeckoTerminal post on X, HOBBES, MEW, SNAPCAT, NUB, and KEYCAT are the leading cat-themed tokens in trading volumes over the past 24 hours.

Cat-Themed Tokens’ Dominance

HOBBES (Ansem’s Cat) is currently commanding attention with a price surge of 63.2% and a trading volume of about $74,000 in the last 24 hours, per Coingecko data. Based on the same data, MEW (cat in a dog world) ranks second to HOBBES with a price increase of 2.7% and a trading volume of about $105 million within the same timeframe.

Furthermore, SNAPCAT (snapcat) ranks next to MEW with a price surge of 1.5% in the past 24 hours and a trading volume of $15,000. Despite its relatively short lifespan (one day), SNAPCAT is already making waves in the memecoin world.

While NUB (nubcat) and KEYCAT (Keyboard Cat) are experiencing a significant price decline (about 84% and 75%, respectively), their trading volumes have been on an uptrend. KEYCAT’s trading volume in the last 24 hours has exceeded $2 million, while NUB’s is nearly $17,000.

Most of these cat-themed meme coins are built on the Solana blockchain and have been a significant factor driving interest in the Solana ecosystem and SOL lately.

Dog Vs. Cat-Themed Token Options

However, dog-themed meme coins still reign supreme in the broader context of the memecoin crypto market. According to CoinGecko, the total market cap of dog-themed meme coins currently stands at almost $53 billion, dwarfing the $1.86 billion total market cap for cat-themed tokens.

Bonk 2.0 leads the gainers’ chart among dog-themed tokens at approximately 40%, while Catcoin leads the gainers’ chart among cat-themed tokens at about 42%. Moreover, Dog-themed coins, notably Shiba Inu (SHIB) and Dogecoin (DOGE), recorded over $24.2 billion in trading volume in March, showcasing their continued popularity among investors.

Nevertheless, Popcat (POPCAT), a Solana-based meme coin, has reached over $60 million in trading volume, suggesting that the dominance of dog-themed tokens may soon be over. With the best-performing cat coin, Popcat, boasting nearly 450% gains in the last month, it’s clear that feline assets are clawing to the forefront of the memecoin crypto market. Beyond price gains, Ethereum co-founder Buterin believes there are other benefits meme coins can offer.

Jerry Rolon
Jerry Rolonhttps://etrendystock.com/
After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

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