- Cat-themed crypto tokens like Keyboard Cat (KEYCAT) and Michi (MICHI) have seen significant price gains over the past week, outperforming dog and frog meme coins as well as more serious crypto categories.
- Popcat (POPCAT) has been particularly celebrated, with reports showing it breaking past a $900 million market cap, and traders betting on which cat coin will be the first to reach a $1 billion fully diluted valuation.
- While established dog-themed meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) have also posted gains, they have been less impressive in comparison to the cat coin frenzy.
Every dog has its day—but right now, cat-themed tokens are taking over the meme coin meta and outperforming more serious crypto categories.
Cat Coins Surging
Over the past seven days, cat-themed tokens are the biggest gainers among the major crypto categories as defined by CoinGecko, climbing 40% during the span. Cat-themed coins have outperformed dog and frog meme coins, as well as more serious categories like layer-1 blockchain coins and DeFi protocols.
Leading the charge is Keyboard Cat (KEYCAT) on Ethereum layer-2 network Base, which is up 96%, while Solana’s Michi (MICHI) similarly soared 936%. Alongside them, Kitten Haimer (KHAI) leaped 59%, Popcat (POPCAT) jumped 56%, Shark Cat (SC) climbed 51%, and MOG is up 20%.
Popcat’s Rise
Popcat’s rise has been particularly celebrated as some reports showed it breaking past a $900 million market cap, although CoinGecko has it falling just short. This comes the same week that Crypto.com enabled deposits and withdrawals for the cat coin.
Cat Coin Frenzy
In fact, the cat coin frenzy has gotten so big that degen traders are starting to bet via Polymarket on which cat will be the first to reach a $1 billion fully diluted valuation (FDV). According to crypto gamblers, Popcat is currently the most likely single token to reach this mark, with a 45% chance, but “none in 2024” is leading at 50%.
Coinbase Cat Hype
On Tuesday, Coinbase posted an advertisement featuring a cat, allowing users to mint the advert as an NFT. Some cat coin projects, including Shark Cat, then got involved in the comments. And yes, loads of meme coins based on the Coinbase cat were also launched—the most successful of which has reached a $12 million market cap.
Other Meme Coins
Broadly, the meme coin market has performed well this week, rising 192%. Other big winners include the Ethereum-based LandWolf (WOLF), up 956%, nicotine pouch-inpsired ZynCoin (ZYN), 88%, and Andy Eth (ANDY) climbing 642%. Both WOLF and ANDY are inspired by the work of Matt Furie, the artist behind the famed Pepe meme character.
Top Dogs Lagging
Meanwhile, the established top dogs have posted less impressive gains in comparison. Dogecoin (DOGE) is up 109% over the last week, with the Ethereum-based Shiba Inu (SHIB) rising 139% and Solana’s Bonk (BONK) climbing just 24%.
Conclusion
While dog-themed meme coins like DOGE and SHIB dominated the headlines in 2021, cat coins are having their moment in the sun in 2024. Driven by hype around projects like Popcat and Coinbase’s cat NFT, feline tokens have significantly outperformed canine counterparts over the past week. It seems that cats now rule the meme coin meta—at least for the moment.
