Last week, a new memecoin ''$MEW" that was launched on Solana quickly gained popularity amongst memecoin traders and influencers .

$MEW is a cat-themed coin with a game plan to "dethrone" the dogs. Considering that popular memecoins—DOGE, PEPE, WIF, are all dog-themed, $MEW was created to make cat-themed coins just as popular as the dog-themed memecoins.

In their own words, "for too long dogs have ruled the world, if we work together… we can escape the dogs world and enter into a new era—era of cat… in a dog's world ".

As of 2nd April 2024, according to CoinMarketCap, $MEW has a total supply of $88,888,888,888 and is currently trading at a price of 0.006104, showing an 18.37% increase over the past 24 hours.

MEW is ranked 3rd on Top Solana memecoin to watch this week chart by Whale Insider

At the time of writing this, $MEW is currently running a 24 hour airdrop distribution for all its holders and traders. In addition, all token holders of Solana mobile phones were airdropped $34,000 $MEW which is equivalent to $206, enough to cover 44% of the phone cost.