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The Solana 
$154-based meme coin Cat in a Dogs World (WIF) has witnessed a remarkable price surge. Following its listing on a prominent cryptocurrency exchange, the token gained approximately 14% in value. The South Korean exchange Upbit announced that the token will be traded against the Korean Won (KRW), increasing market activity as WIF became the third meme coin to achieve similar success after DOGE and SHIB.
Listing on Upbit
According to an official announcement made by Upbit on October 21, Cat in a Dogs World now has a KRW pair. Users began trading the MEW/KRW pair starting at 16:00 UTC today.
The South Korean exchange stated that deposits and withdrawals can be made via the Solana network. Additionally, it emphasized that deposit and withdrawal transactions must be conducted only through personal wallet addresses, and ownership verification must be completed. This listing has opened doors for increased liquidity for WIF Coin by expanding trading opportunities in the Asian market.
Increase in Price and Trading Volume
The MEW price rose by 14% in the last 24 hours, currently trading at $0.009561. The coin recorded a low of $0.008382 and a high of $0.01043 during the day. Following the listing announcement, the coin’s daily trading volume surged by 370% to $358.26 million.
Market observers expect further price increases for MEW following the listing announcement. Last month, the listing of BTC and USDT pairs on Upbit also led to price increases.
According to Coinglass data, the total open positions in futures for the Solana-based coin increased by 16% today, reaching $165.43 million. Furthermore, the derivatives volume rose by 302% to $1.32 billion, boosting market optimism. With today’s price increases, MEW appears to be in an upward trend.
Finally, MEW’s listing on a major exchange has heightened interest in the coin, particularly in the Asian market, presenting new opportunities for traders. This situation may contribute to a broader acceptance of MEW by a wider user base in the cryptocurrency market.
The listing and price increase of MEW highlight the significant role of meme coins in the cryptocurrency market. Support from large exchanges like Upbit can aid in increasing market liquidity and boosting trader confidence. While MEW offers potential growth opportunities, other meme coins supported by exchanges may attract similar attention.
