Benzinga - A meme cryptocurrency on Solana (CRYPTO: SOL) called Book of Meow, which shares a similar name to Book of Memes (CRYPTO: BOM) is up 300% hours after trading, achieving a market capitalization that topped $9 million.
What Happened: The team behind BOMEOW calls the meme token "the purr-fect variation of different mews across the entire meow-niverse. This book is a treasure trove of feline magic, guaranteed to bring joy and wealth to its lucky paw-sessors!"
It is worth noting that cat tokens are now rallying, one being MEOW, which was up 14,000% on Wednesday alone.
The rise of BOMEOW is set against the backdrop of a broader trend in crypto markets, where cat-themed tokens have caught the fancy of investors. Notably, MEOW witnessed a surge of 14,000% in a single day.
Data from Dexscreener shows BOMEOW’s performance, highlighting a trading volume surging to $1.1 million, with existing liquidity of $3.3 million. The meme cryptocurrency’s price currently stands at $0.01283 or 0.00007015 SOL.
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Why It Matters: Even as Bitcoin (CRYPTO: BTC) faced a downturn, falling below $67,000 levels, which had significant knock-on effects in liquidating many positions, these animal-themed tokens—particularly cat-related ones—have held investors’ attention.
Several other cat-themed tokens are thriving like Cat in a Dog’s World (MEW), Popcat and Wen posting average gains of 6%. The interest and investment seem to be shifting towards others like Mog Coin, Real Smurf Cat and Ansem's Cat, which are currently leading the charge in this niche sector.
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