The memecoin market has just experienced an exciting change. Over the past few years, dog-themed tokens have dominated, but recently, cat-themed meme coins have started to gain attention. About a month ago, 8 out of the top 10 memecoins by market cap were inspired by dogs, but the landscape has changed rapidly.

MEW (Cat in a Dogs World) is the most talked-about name. This token launched on 3/26 and reached a $200 million market cap in just 48 hours. Even more impressive, after 8 days, MEW hit $644 million, surpassing BONK, WIF, and PEPE to become the fastest new memecoin to reach this level. However, as of this writing, MEW has decreased significantly, currently with a market cap of $52.7 million and a 24-hour volume of $121.85k. Over the past 7 days, this token has increased by 1.83%.

But MEW isn't the only story. MOEW, another Base token, caused a stir when a trader turned $13,000 into $2 million in just one hour. He bought 499.9 million MOEW with 4 ETH (13K USD) and then sold 116 million tokens for 99 ETH (328K USD). A profit of 158 times in less than 60 minutes. Similarly, another trader made nearly $900,000 in profit from MEW in 20 minutes.

The crypto community is buzzing about this phenomenon. Many are wondering whether these huge profits come from strategic trading or if there are insider signals from the projects. Regardless, the trend of cat-themed meme coins is attracting significant attention. Other cat tokens like Ansem's Cat (HOBBES) also broke the $100 million market cap on launch day. Clearly, after years of dog dominance, cat-inspired memecoins are beginning to carve out their place in the meme-inspired market. Anyone following the crypto market today can see this volatility across various exchanges.