Memecoin Rally Spreads to Smaller Tokens
The cryptocurrency market is experiencing a rally that's extending into more speculative corners, including dog and cat-themed memecoins. Cash Cat, a token listed on Robinhood, led the charge with a 51% surge over 24 hours to $0.218, representing a gain of over 113% in the past week.
The token has seen its market value increase by roughly $215 million, and it's not alone. Other cat-themed tokens like Thinking Cat, Purr, Popcat, and MEW (cat in a dog's world) have also seen significant gains, with increases ranging from 49% to 131% over the past week.
The same pattern is observed among dog coins, with Dog (Bitcoin) nearly doubling in value over the past week. Other notable dog-themed tokens include Bonk and Floki, which have gained 47% and 40%, respectively.