Solana Memecoin CATE Surges on Viral Video Frenzy Amid Broader Meme Coin Recovery
Solana memecoin CATE saw a significant price surge over the past 24 hours, gaining roughly 25% after a volatile trading session. This move comes on the heels of an earlier single-day surge of around 230-fold triggered by Kabosu's owner sharing a viral kitten video on X.
CATE briefly touched an $11 million market cap before retreating to around $4.5 million, illustrating how quickly Solana momentum can build and unwind.
This development fits a broader pattern on Solana, where memecoin pairs made up 29% of the network's weekly spot DEX volume in the week of July 20-26, the highest share since August 2025.
Established memecoins like Dogecoin and Shiba Inu are also showing signs of stabilizing investor interest, with DOGE trading at approximately $0.0709 and SHIB around $0.0000046.