MEW, the Solana-based meme coin, surged by 18% within 24 hours, leading the meme coin sector. This cat-themed token’s price rally has been fueled by bullish on-chain factors and a strong market uptrend.
Investors’ interest in MEW is evident with a 43.39% rise in futures open interest and an 82.84% increase in derivatives volume. Despite $797.3K worth of liquidations, MEW continues to show bullish momentum.
Currently trading at $0.005102, MEW’s market cap stands at $453.65 million, with a 24-hour trading volume of $182.68 million. Technical indicators show strong buying sentiment, and the RSI at 63 suggests further gains are possible without entering overbought territory.
This price rally underscores MEW’s potential for long-term strategic importance in the crypto market.
