MOG Coin has officially dethroned POPCAT as the largest cat-themed meme coin by market capitalisation. With a global market cap of $1.51 billion, MOG now leads over POPCAT, which currently holds a market cap of $1.4 billion.
$MOG Surpasses $POPCAT on Market Cap
MOG is trading at $0.000005386, reflecting its explosive growth and increasing investor interest. On the other hand POPCAT is trading at $1.45 and is up by almost 4% in the last 24 hours at the time of writing.
POPCAT’s 24 hour trading volume is also down by more than 10% and the MOG coin’s 24 hour trading volume is up by a small 0.13%. The market cap of POPCAT stands at $1.4 billion and the and of MOG stands at $1.51 billion.
The dramatic rise of MOG Coin, built on the Solana blockchain, was propelled by a recent announcement from Coinbase. Coinbase revealed its plans to list MOG, triggering a 20% surge in its value within an hour. This news boosted the token’s market cap to nearly $1 billion and cemented its position as a major player in the meme coin category.
MOG Coin has witnessed remarkable growth throughout 2024. It started the year modestly with a market cap of around $50 million in February. By mid-March, this figure had skyrocketed to over $475 million.
The past week alone has seen MOG’s value grow by more than 50%, with a 16% increase recorded in the last 24 hours.
The token’s appeal lies in its fun and quirky concept, often referred to as having “effortless cosmic domination.” While its origins are rooted in humour, MOG has drawn serious attention from both retail and institutional investors. Its meteoric rise demonstrates the increasing popularity and viability of meme coins as an asset class.
Coinbase Listing Boosts Visibility
The listing of MOG Coin on Coinbase marks a pivotal moment for the token. Being featured on one of the world’s largest and most trusted cryptocurrency exchanges enhances its credibility and visibility. For many meme coins, which often struggle to gain mainstream attention, such recognition is a significant milestone.
MOG Coin’s success reflects a broader trend, the rising popularity of memecoins. While they started as internet jokes, memecoins have developed strong communities and considerable market presence. Tokens like Dogecoin and Shiba Inu paved the way, showing that a combination of community engagement, clever marketing, and strategic partnerships can create real value.
MOG’s journey from a $50 million market cap to $1.51 billion in less than a year highlights the potential for meme coins to disrupt the crypto landscape.
Its humorous branding and cosmic theme have resonated with a wide audience, further amplified by its adoption on a scalable blockchain like Solana.