In recent trading, the meme coin market has been marked by declines, with major tokens such as PEPE dropping by 2%, FLOKI falling 2.5%, and Shiba Inu retreating 3.5%. Contrasting this trend, Cat in a Dog's World has surged nearly 15% over the past day.
Currently priced at approximately $0.003077, MEW has reached its highest value in six weeks. The coin's market capitalization now exceeds $270 million, positioning it as the 14th-largest meme coin. This upward move is likely driven by its recent inclusion in Binance Alpha. This section of Binance’s ecosystem highlights crypto projects with growth potential and may lead to full trading support.
Despite this progress, MEW is still below its historical highs set in 2024. Last year, it captured significant investor interest and was available on several major exchanges like OKX, Upbit, Kraken, Bybit, and Gate.io. MEW reached its peak price of around $0.012 in November 2024, when its market cap surpassed $1 billion, amid a general surge in the meme coin market.
Being highlighted by Binance typically provides assets with increased liquidity and accessibility, often leading to price increases. Recently, Binance added several meme coins, including Mubarak (MUBARAK), CZ’s Dog (BROCCOLI714), Tutorial (TUT), and Banana for Scale (BANANAS31) to its Binance Simple Earn program. Among these, TUT experienced a notable 130% price rise following its addition.
A similar boost was noted in December last year when Binance supported the meme coin Simon’s Cat (CAT) launched on the BNB chain, resulting in an immediate 50% increase in its valuation.