Solana memecoin Catwifhat defies market trend with 40% surge

Catwifhat, a feline-themed counterpart to Soalna memecoin Dogwifhat, is back on an upward trajectory. The coin has surged by 42% today, reaching $0.00000082 following a 60% jump in trading volume. Data from CoinMarketCap reveals that Catwifhat has regained a market capitalization of $30 million.

The meteoric ascent of Dogwifhat is still fresh in the minds of investors who are cautious about not fading its feline counterpart. At its peak, Dogwifhat became the top Solana meme coin, reaching a valuation of $4.8 billion.

Furthermore, Dogwifhat established a strong correlation with Solana, which has been one of the leading cryptocurrencies in the current bull market. Now, Catwifhat appears to be following suit. It has seen a 400% surge in the past week while maintaining a market cap of just $30 million.

Despite its current market cap of Catwifhat being a fraction of Dogwifhat’s peak, the coin continues to receive significant catalysts that bolster its value.