Several cat-themed meme coins are gaining popularity on CoinGecko, with some experiencing significant gains of over 100% in the past week. Despite a temporary downturn in the broader cryptocurrency market, marked by profit-taking from major assets such as Bitcoin and Ethereum, meme coins continue to surge. Today, the meme coin market cap rose by 4%, while the overall crypto market cap dipped by 1.5%.

The surge in meme coins is largely driven by the introduction of new presale tokens, following the recent successes of BOME and Slerf. However, cat-themed tokens are particularly attracting attention across various social media platforms.

For instance, CAT token, one of the earliest cat-themed meme coins, reached a new all-time high today after surging by 430% in just one day and over 1,000% since the previous week. This sudden increase in value seems to be fueled by spontaneous social media hype, as meme coin enthusiasts diversify their portfolios across different assets.

Another example is Chonk The Cat (CHONK) token, which launched with a presale last week and has seen a nearly 200% surge in value since then. Additionally, the recent launch of MEW token resulted in significant FOMO trading activities.

MEW's price surge was accelerated by its listing on Poloniex shortly after launch, leading some traders to convert small investments into substantial profits. However, FOMO trading also resulted in notable losses, with one trader reportedly losing over $200,000 as MEW's price dropped by 54% after reaching its peak.