Cat-themed meme coins explode in the crypto market today as dog coins remain "dormant"

The meme coin market is currently undergoing an interesting shift — cat-themed meme coins are leading the rally, while traditional dog coins are experiencing a freeze. According to the latest report from CryptoPotato, the market capitalization of the meme coin sector now exceeds $57 billion, marking a 2% increase compared to the previous period.

MEW leads the price surge of the cat army

Cat in a Dogs World (MEW) is the brightest star among cat-themed meme coins, with recent significant volatility. This token is currently trading at a high with continuous growth and has established a position in the Top 109 overall in the crypto market. Industry analysts, including well-known KOL Limbo on X, are predicting that MEW has strong potential to surpass a market cap of $1 billion in the near future.

Other cat meme coins also enter a growth phase

Besides MEW, the entire collection of other cat-themed meme coins is showing strength in the market. Wen (WEN) has gained +8.59% in the past 24 hours, catwifhat (CWIF) increased by +0.87%, and Simons Cat (CAT) rose by +0.50%. However, not all cat coins are trending positively — MANEKI experienced a decline of -3.55% in 24 hours, indicating that the meme coin market remains quite volatile.

Popcat (POPCAT), although the largest cat token by market cap, is currently undergoing a correction after reaching a high of $2.08 previously. This token is now trading around $0.05, showing a significant retreat from its previous peak.

Dog-themed coins face losses in the crypto market

In contrast, dog-themed meme coins — which account for about 70% of the total meme coin market cap — are under downward pressure. Dogecoin (DOGE) has recorded -1.65% in 24 hours, while Shiba Inu (SHIB) also declined by -1.40%. Other dog coins like Bonk (BONK) fell by -0.75%, and Floki Inu (FLOKI) dropped by -2.02%, also experiencing similar setbacks.

The stark contrast between the performance of the cat and dog groups indicates an intriguing shift in market sentiment. While traditional dog coins are under pressure, investors seem to be shifting their focus toward newer and less-followed cat meme tokens.

Market outlook and investor warning

The meme coin market remains highly volatile and can change direction at any moment. The current trend may be temporary, and a larger correction could occur without warning. Therefore, investors should exercise caution and only invest funds they can afford to lose entirely. Meme coins, despite their appeal, remain high-risk assets within the crypto market.