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The meme coin market themed around cats is booming, while dog-themed coins are lagging behind. The overall market capitalization of meme coins has increased by 2%, surpassing $57 billion, but the disparity between animal groups is more pronounced than ever.
Cat-themed meme coins are showing impressive strength. MEW has recently increased by nearly 3%, with a market cap of around $50 million, while WEN, MANEKI, and CAT also recorded modest gains. Even CWIF, despite a slight decrease of 3.46%, remains closely watched by investors. POPCAT, the largest cat token, is trading around $0.05 after hitting nearly $1 in mid-July.
However, dog coins cannot keep up. DOGE has only increased by 2.16%, SHIB, with a 4.69% rise, still lags far behind the popularity of the cat group. Even WIF, BONK ( increased by 2.9%), and FLOKI ( increased by 3%) are overshadowed. The dog group accounts for 70% of the meme coin market cap but has significantly more modest growth.
Some analysts suggest that MEW could continue to rise, but the meme coin market is always unpredictable. Anyone interested in cat-themed meme coins should remember that this is a high-risk area. Only invest what you can afford to lose.