The Solana-based meme coin, *Cat in a Dogs World* (MEW), recently achieved a significant milestone by securing a listing on the South Korean cryptocurrency exchange, Upbit, following in the footsteps of popular meme coins Dogecoin (DOGE) and Shiba Inu (SHIB). This listing, pegged to the Korean Won (KRW), has sparked enthusiasm in the market, leading to a 14% surge in MEW’s price.
The announcement, made on October 21, confirmed that trading for the MEW/KRW pair on Upbit would begin at 16:00 UTC, with buy orders limited for the first five minutes after trading goes live. Upbit specified that deposits and withdrawals would be supported exclusively through the MEW-Solana network, and users would need to confirm ownership via personal wallet addresses for transactions.
The listing marks MEW as the third meme coin to be integrated into the KRW market on Upbit, after DOGE and SHIB. This addition has brought renewed bullish momentum for MEW, expanding its trading opportunities in the Asian market and encouraging further interaction from traders and investors.
MEW Price Gains and Market Response:
Following the listing announcement, MEW’s price increased by 14%, currently trading at $0.009561. The token’s intraday range fluctuated between a low of $0.008382 and a high of $0.01043. The announcement also led to a significant 370% rise in intraday trading volume, reaching $358.26 million, reflecting positive trader sentiment.
The recent listing is not the first time Upbit has supported MEW. Last month, the exchange added trading pairs for the token in BTC and USDT markets, which led to substantial price rallies. This trend has continued with the new KRW pair, boosting market optimism for future gains.
Additionally, Coinglass data showed a 16% increase in MEW’s futures open interest (OI) to $165.43 million, and derivatives trading volume surged by 302% to $1.32 billion. These indicators suggest a positive outlook for MEW, pointing towards an ongoing uptrend fueled by the recent listing and growing investor interest.
