🌎 Solana Meme Coin MEW Surges 26% After Upbit Listing Announcement

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The Solana-based meme coin, Cat in a Dogs World, recorded a notable price surge following a major announcement from the South Korean crypto exchange Upbit.

Upbit Lists Cat in a Dogs World (MEW)

According to the Upbit announcement, the exchange will list Cat in a Dogs World (MEW) today at 10:00 UTC. MEW will be traded in Bitcoin (BTC) and Tether (USDT) markets, supporting only the Solana network for transactions.

MEW Price Surge

MEW witnessed a quick surge following the listing statement from the leading Korean exchange, which has a daily trading volume of roughly $2.5 billion. The meme coin rose by 26% in the past 24 hours and is trading at $0.0054 at the time of writing.

Market Performance

Moreover, MEW is currently the fourth-largest meme coin on Solana with a market cap of $480 million. The asset’s 24-hour trading volume also increased by 230%, reaching $144 million.

Listing on Major Exchanges

MEW was launched in March and has already been listed on leading centralized crypto exchanges, including OKX, Bybit, HTX, and KuCoin.

Impact on RSI

The sudden surge has pushed the meme coin to the overbought zone. According to data, the MEW Relative Strength Index (RSI) is currently sitting at 85, marking a notable rise from yesterday’s 22. This rising RSI might have been majorly impacted due to the hurried accumulation. However, short-term traders seem to be taking profits already.