The recent surge in cat-themed tokens like POPCAT, MEW, and MOG, following a 50 basis point rate cut by the U.S. Federal Reserve, marks a significant return of risk-on sentiment in the crypto market.
With POPCAT nearing a $1 billion market cap and MOG surging 70% in two weeks, driven by strong social media support, analysts predict that the anticipated liquidity increases will foster continued growth in memecoins.
The CAT token, linked to Simon's Cat comics, has seen extraordinary interest, achieving over $145 million in trading volume in just 24 hours, reflecting a burgeoning engagement with cat-themed crypto assets.
Meme tokens, increasingly viewed as leveraged bets on the growth of their underlying blockchains, are now emerging as a challenging cohort alongside established dog-themed tokens like Dogecoin and Shiba Inu.
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