MEW, the Solana-based memecoin known as “Cat in a Dog’s World”, rallied as much as 31% today following a major catalyst: its official listing on Robinhood, one of the world’s most popular trading platforms. The rally pushed MEW to a four-month high of $0.0047, boosting its market capitalization past $400 million.
Four Catalysts Driving MEW’s Breakout
1. Robinhood Listing Sparks Retail Interest
MEW’s debut on Robinhood’s U.S. platform is the primary driver behind its rapid price increase. Listings on major platforms are often seen as a stamp of legitimacy, and Robinhood’s large retail user base provides instant exposure to millions of new potential traders. The listing also coincided with Moo Deng (MOODENG), another Solana-based memecoin, which saw a 25% gain.
2. Exposure at Las Vegas Licensing Expo
In a bid to expand its brand beyond crypto, MEW participated in the Las Vegas Licensing Expo—a globally recognized IP and licensing trade show. This move positions MEW to forge partnerships with mainstream companies and extend its reach beyond Web3. The strategic appearance has fueled fresh optimism among investors.
3. Teased GameFi Collaboration with Cuberium
MEW also teased an upcoming GameFi collaboration with Cuberium, a blockchain gaming platform recognized for its tower defense games and meme-token integrations. Although details remain limited, the potential for MEW to tap into gaming and NFT sectors has added fuel to the bullish sentiment.
4. Derivatives Market Confirms Bullish Momentum
Open interest in MEW futures skyrocketed 121% over the past 24 hours to reach $72 million, its highest in five months, according to CoinGlass. A consistently high long/short ratio on Binance further suggests that the majority of traders are betting on continued upside.
Technical Indicators: A Rally With Legs?
Chart watchers are also seeing signs of sustained momentum:
- MEW appears to be forming a round bottom pattern on the 1-day USDT chart typically a bullish reversal setup.
- The MACD indicator is trending upward, confirming momentum.
- The Supertrend indicator recently flipped green, signaling potential continued gains.
While the Relative Strength Index (RSI) has risen to 84, indicating overbought conditions, strong trends can persist in overbought zones for extended periods. If a pullback occurs, analysts suggest a correction toward the $0.0030 level could act as healthy support.
Outlook: Can MEW Sustain the Momentum?
With new listings, mainstream exposure, and hints at gaming integrations, MEW is tapping into multiple growth narratives. The rally also benefits from a bullish broader market, with Bitcoin recently hitting new all-time highs and lifting sentiment across altcoins.
If MEW capitalizes on its current momentum with confirmed partnerships and continued exchange support, it may further solidify its position in the memecoin landscape not just as a meme, but as a legitimate brand with cross-sector appeal.
