Kraken, one of many main cryptocurrency exchanges, has listed the cat in a canines world (MEW) meme coin, based on a Thursday announcement.
Regardless of the itemizing, the value of MEW has plunged by greater than 15% over the previous 24 hours, based on CoinGecko knowledge.
Cats vs. canines
The Solana-based MEW token was launched again in March 2024 with a view to problem the dominance of canine meme cash. Just like the overwhelming majority of different joke cryptocurrencies, it doesn’t have any explicit use instances.
At press time, MEW is the worst-performing meme coin amongst these meme cash which have a market cap of greater than $500 million.
Notably, it’s not the one cat-themed meme cryptocurrency that has recorded a double-digit worth drop over the previous 24 hours. Popcat (POPCAT) and Mog Coin (MOG) are each down 12.1% over the aforementioned time period.
For comparability, Dogecoin (DOGE), the main canine meme coin, is down lower than 5%. Shiba Inu (SHIB), the primary DOGE rival, has slipped by 5.5%. In reality, not a single main canine meme coin has logged a double-digit drop.
For now, it looks as if the canine cash positively have gained the higher paw.
Kraken’s current listings
Earlier this month, Kraken additionally added help for EigenLayer (EIGEN), the native token of the eponymous restaking protocol.
MEW and Goldfinch (GFI) appeared on the record of accessible cryptocurrencies final month.
In late August, the trade launched new margin pairs for SOL and DOGE.
