Solana-based meme coin cats in a dogs world (MEW) reached a new all-time high today after an 18% price rally earlier in the day. This surge followed a significant development, as South Korean exchange Upbit added the Korean Won (KRW) as a trading pair for MEW.
Before the development, MEW’s price was $0.0089. But as soon as the news spread, the meme coin formed a bullish engulfing candle that sent it to $0.010.
cats in a dogs world Rallies After Listing
Upbit previously listed MEW with several pairs, including Bitcoin (BTC) and USDT, in September. This development sparked a rally for the meme coin, but it was unable to break its previous all-time high.
MEW’s previous all-time high was $0.0097 in March. But today, the massive price increase has sent it above that region.
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Victor Olanrewaju is a technical and on-chain analyst at BeInCrypto, where he monitors the activities of mid- and large-scale investors, commonly known as crypto whales, to detect investment trends across diverse cryptocurrencies, including Bitcoin, altcoins such as Solana, XRP, Cardano, and Toncoin, as well as meme coins like Dogecoin, Shiba Inu, and Pepe. Additionally, he covers emerging trends including Tap-to-Earn games, AI tokens, and real-world assets (RWA). Before joining BeInCrypto…
Victor Olanrewaju is a technical and on-chain analyst at BeInCrypto, where he monitors the activities of mid- and large-scale investors, commonly known as crypto whales, to detect investment trends across diverse cryptocurrencies, including Bitcoin, altcoins such as Solana, XRP, Cardano, and Toncoin, as well as meme coins like Dogecoin, Shiba Inu, and Pepe. Additionally, he covers emerging trends including Tap-to-Earn games, AI tokens, and real-world assets (RWA). Before joining BeInCrypto…
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Source: https://beincrypto.com/upbit-boosts-mew-price-to-new-all-time-high/