Whale's Whopping 479M Purchase Sends Solana's Feline-Friendly MEW Skyrocketing by 88%

MEW Roars Back： Feline-Themed Altcoin Surge 88% Amid Listing on OKX Exchange

MEW (A Cat in a Dog's World) emerged as a standout performer among altcoins on Monday, skyrocketing by 88% and securing a position in the top 200 cryptocurrencies by global market cap. With an impressive 439% surge in its inaugural week, MEW reached an all-time high of $0.009716 by the end of March.

After experiencing a retracement of over 50% from its peak, MEW has once again garnered attention in the dynamic crypto landscape. Within the span of 24 hours, the feline-themed currency surged to $0.005497 at press time, pushing its market cap close to $500 million following its listing on the major centralized exchange OKX.

MEW's Surge Linked to Whale Activity on Solana: Insights into Whales' Transactions and Profit Potential

Interestingly, the surge in MEW's price coincided with notable activity from whales within the Solana network. LookOnChain identified sizable transactions involving MEW and Slerf (SLERF), another asset on Solana's chain.

Prior to the surge in MEW's price, a whale withdrew 10,438 SOL from Binance and promptly invested it all in MEW at a price of $0.0032. If the whale had capitalized on MEW's peak price of $0.0058, they could have realized a profit of 55%. Further analysis revealed that the same whale transferred 300 million MEW to another wallet, retaining approximately 180.6 million MEW valued at $646.5K as of press time.

MEW's remarkable surge, propelled by a whale's significant purchase on the Solana network, underscores the volatility and potential for rapid gains in the cryptocurrency market. As MEW continues to make waves, investors remain vigilant, monitoring the actions of whales and the broader market dynamics.