Deep Dive
1. Sentiment overview
Traders are cautiously bullish short-term after MEOW’s 24% hourly surge and 328% volume spike, but long-term sentiment skews bearish:
- Price action: MEOW is down 56% over 30 days and 59% over 90 days, underperforming the broader crypto market’s 3.13% monthly gain.
- Meme sector context: Cat coins like Popcat drove a 61.81% Q1 2025 ROI for the category (Cryptonews), but MEOW’s -56% monthly return suggests it’s not a top beneficiary.
2. Key discussion themes
A. Survival odds: Only 20% of cat-themed meme coins avoid 90%+ drawdowns, per May 2025 data. MEOW’s 59% 90-day drop places it in the high-risk cohort.
B. Correlation gaps: Leading cat coins like Popcat and Mog Coin show 0.84 price correlation, but smaller tokens like MEOW often decouple, amplifying volatility.
C. Liquidity traps: MEOW’s 1.7% turnover rate (volume/market cap) implies shallow order books – a 24-hour $1.17M volume could reverse quickly.
3. Influential perspectives
Cryptonews’ May 13 report highlights two narratives impacting MEOW:
- Cat coin momentum: Early May saw cat coins’ ROI hit 55.7%, but gains concentrated in large caps.
- Dog coin fatigue: Dog-themed tokens fell -34.34% in Q1, potentially diverting speculative capital to cat rivals.
Conclusion
MEOW’s hourly surge reflects meme coin traders chasing cat-themed momentum, but its weak correlation with leading cat tokens and high failure rate for the category suggest caution. With altcoin season indices still favoring Bitcoin (32/100), does MEOW have the community or utility to defy the 80% cat coin collapse rate?