Analyze Cat-themed MEMEs with Recent Strong Rebound

2024-07-12, 02:25

[TL;DR]:

The cat-dog battle between March and April this year has triggered a series of cat-themed MEMEs, marking a shift in the dominant position of dog MEMEs since 2021.

Currently, the most valuable cat MEME is POPCAT, and MEW has also once challenged the top spot in market value.

Cat type MEME, as a newly popular animal type MEME coin, currently has a small market value and shows more explosive potential when compared to dog-type MEME coins.

Introduction

The cat-themed MEME coin is becoming a new hot spot in the MEME sector. The market focus is shifting from dogs and frogs to cats, and many investors are also planning to speculate on cat MEME.

Recently, the market has witnessed the continuous fermentation of cat-themed memes on social media. Despite the cold market, various cat MEMEs continue to emerge on the Solana/Base chain, attempting to challenge the leading position of dog MEMEs.

We will introduce these well-known and popular cat themed MEMEs in order of market value.

Popcat (POPCAT): Originating from Mischievous Cat Expressions, the Cat Sector has the Highest Market Cap

As the most valuable cat-themed MEME coin currently, POPCAT was born from the widely circulated mischievous cat emoji on the internet. This image not only carries a relaxed and humorous community atmosphere but also cleverly integrates the rapid spread characteristics of internet virus culture and the thriving development of the crypto world.

Source: @POPCATSOLANA

Despite Xavier, the owner of Popcat, publicly expressing his disapproval of cryptocurrency, claiming that “my cat is my cat, I am completely against cryptocurrency,” this has not hindered POPCAT’s continued rise in popularity in the crypto market.

On the contrary, POPCAT has gained more attention due to IP copyright issues, and its popularity has not diminished. Instead, its social interest index has continuously reached new highs, becoming the Solana ecosystem’s top-ranked cat-themed MEME coin project.

Cat in a Dogs World (MEW): Focusing on Anti-dog Themes and Actively Collaborating Across Borders

Since its debut in March 2024, MEW, which focuses on anti-dog themes, has quickly taken the leading position in cat-themed MEME coins. Its unique market strategy began with generous airdrops to BONK, WIF, and Solana Saga 2 phone holders, which not only attracted a lot of attention but also laid a solid user foundation for MEW’s future development.

Source: @MewsWorld

Not only that, but MEW continues to launch new art, clothing, and entertainment products based on character IP, which is rising in mainstream culture.

To achieve this goal, MEW actively seeks cross-border cooperation, with its 3D animation project with LOCUS being particularly noteworthy. This collaboration not only attracts the attention of film and television audiences but also heralds MEW’s broad prospects in the field of visual entertainment in the future.

It is worth mentioning that MEW once surpassed POPCAT to become the largest cat MEME in terms of market value, and currently ranks second.

Wen (WEN): Innovation Score with the Highest Number of NFT Coin Holding Addresses

The WEN, which holds nearly 280K addresses, originated from the poem “A Love Letter to Wen Bros” created by @weremeow, the founder of the Solana DeFi aggregation platform Jupiter. This poem is a heartfelt confession to Wen Bros and a source of inspiration for WEN token creativity.

According to the design, each WEN token represents a digital authentication of partial ownership of this poem, a digital innovation of the traditional concept of ownership. It is not only the first community token created based on split NFTs (non-fungible tokens) but also the first to be listed on Jupiter’s LFG platform. As the first NFT to comply with the Wen New Standard (WNS) NFT standard, it introduces new standards and possibilities to the Solana ecosystem.

Source: @wenwencoin

Specifically, the essence of WEN lies in the fractional NFT, which grants partial ownership of @weremeow’s poetry. Similar to masterpieces being segmented, each piece is a corner of the whole, and WEN handles poetry in this way. WEN token holders do not monopolize NFT, but share part of the NFT of poetry. This mode makes precious digital assets accessible and promotes the sharing and ownership of cultural works.

WEN’s innovation is not only reflected in its technological implementation, but also in its principle of fair distribution. Over one million active Solana wallet users have received distribution of WEN tokens, demonstrating the project team’s commitment to fairness.

Recently, WEN acquired the largest cat-themed account on X, @ShouldHaveCat, further consolidating its position in the ecosystem.

MANEKI: Originating from the Japanese Fortune Cat

MANEKI, Inspired by the “Money Cat” in Japanese culture, which attracts customers and brings good luck and wealth, we ingeniously combined this cultural element with modern crypto technology to create a unique MEME project. These cats are usually depicted waving their front paws and wearing traditional Japanese ties, which are cute and symbolic.

The innovation of the MANEKI project lies in its issuance model of no pre-sale tokens, no team shares, and a new online trading concept that combines NFTs with user programs. This unprecedented attempt quickly caught the market’s attention, weaving a huge potential story of hundredfold coin growth.

Although MANEKI follows the consistent style of MEME series projects, which lacks an independent ecosystem and practical implementation, the team behind it has demonstrated extraordinary resilience, practicality, romantic imagination, and high execution ability.

Like MEW, the MANEKI project also insists on updating social media content and sending airdrops to Solana phones. Recently, with Dvalishvil, the top-ranked professional MMA player in UFC middleweight, becoming the official spokesperson for Maneki, Maneki has begun actively seeking cross-border exposure.

Source: @MerabDvalishvil

michi: Popular MEMEs on Pump

Michi is a popular cat MEME released on pump.fun, implying it is the most easily remembered cat on the Internet.

Source: @michionsolana

Its founder @psykogem is an experienced MEME player and KOL. In the early stages of its release, he personally paid for 40 SOLs worth of Mickey’s Disease Return, which made the coin reach a market value of $60,000. Later, during the promotion process, he continued to build momentum by sending airdrops, advertising, paying artists to only make emojis, and finally promoted the coin’s hype through various topics.

It is worth mentioning that another Shark Cat on pump.fun is also a cat MEME that closely follows Michael’s popularity.

Mog Coin (MOG): Originating from Fun Jokes, Advocating Confidence and Excellence

MOG originated from a fun joke among a group of friends in the summer of 2023. Its cultural foundation is deeply rooted in the core concept of “easy universe domination.” MOG advocates a positive and confident attitude toward life. Whether it’s personal growth or community development, Mog encourages its members to have the courage to pursue excellence and be the best version of themselves.

Source: @MogCoinEth

This project emerged in the form of memes through the fair issuance of Uniswap V2 LP, quickly breaking the conventional framework of traditional token issuance.

Keyboard Cat (KEYCAT): Derived from Keyboard Cat

KEYCAT is built on the BASE chain, inspired by a popular MEME video of a cat playing the piano on YouTube.

KEYCAT originated in 1984 and was produced by Charlie Schmidt from Spokane, Washington, USA. He filmed a video of a female cat named Fatso “playing” on the Ensoniq Mirage sampling keyboard. In the video, Fatso was wearing a baby blue T-shirt, while Schmidt covered Fatso’s paws with the shirt outside the screen, creating the illusion that the cat seemed to be playing the piano.

Source: @KeyboardCatBase

This video was initially made out of boredom, but in 2007, 20 years after Fatso’s death, Schmidt digitized it and posted it on YouTube under the title “Charlie Schmidt’s Keyboard Cat! - Original Edition.” With the spread of related parody videos and commercial interactions, KEYCAT has become a well-known cat MEME in North America.

As of the writing date, the coin’s holding address reached 81.65K, and its market value is $10.81M.

Summary: Cat MEME Continues to Exert Force, Which May Repeat the “Going Viral” Effect of Dog MEME

With the continuous heating up of MEME projects on various chains, the MEME market has shifted from a short-term trend to a long-term trend. The theme has gradually transitioned from dogs and frogs to the current popular cats, marking a shift in the dominant position of dog MEME since 2021.

In the previous crypto bull market, MEME coins such as DOGE and SHIB shone brightly with entertainment, storytelling, and low market value characteristics, driven by celebrities like Musk, becoming the market focus.

As a newly popular animal-type MEME coin, cat-type MEME, although currently with a small market value, has shown huge growth potential in the “cat-dog war” in March and April this year, especially when compared to dog-type MEME coins.

Source: CoinGecko

MEME has never been a solo carnival but a group carnival. Under this consensus, multiple cat MEME projects are leading a new trend in the MEME sector with their unique creative origins, profound cultural core, innovative tokenization design, and strong community-building capabilities.

Currently, these well-known cat MEME coins are supported by spot trading on the Gate.io platform, providing investors with a convenient channel for participation. As the market evolves, we look forward to seeing more interesting and creative MEMEs emerge. Of course, investors should also pay attention to risk control and moderate participation in their participation.


Author:Carl Y., Gate.io Researcher
Translator:Joy Z.
*This article represents only the views of the researcher and does not constitute any investment suggestions.
*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
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