The Solana Meme coin revolution continues to dominate the crypto market, with the latest addition being the MEW coin, which gained significant traction after going viral on X (formerly Twitter). Challenging the dominance of dog-themed coins, the MEW coin boasts a simple slogan, ‘Cat in a Dog World.’

Let’s have a brief overview of this coin and see how to buy MEW tokens at WazirX in 2024.

About MEW Coin

MEW coin, introduced on March 26th, 2024, experienced a remarkable surge in price, fueled by the buzz surrounding Solana. Despite the founder’s anonymity, MEW coin quickly surpassed a trading value of $150 million within 3 hours of its launch, subsequently skyrocketing by over 15,500% within the first 7 hours. Currently valued at $0.005772, the MEW coin stands out with its eye-catching white mascot in the meme coin market.

Since its inception, MEW coin has witnessed a surge in trading activity, reflecting the growing interest in this unique crypto.

Reason Behind MEW’s Price Surge

In a captivating article, it appears that Solana whales have been drawn to the emerging meme coin, MEW, diverting their attention from the previously popular meme coin, BOME. According to on-chain data, a significant whale transferred substantial funds from BOME to MEW, garnering attention across the crypto community.

This article gained widespread attention, especially considering the remarkable rally of BOME before the whale’s shift in focus. Notably, the whale acquired 9.6 billion MEW tokens, equivalent to 10.8% of the token’s total supply, followed by additional accumulations by other investors. This accumulation sparked optimism and confidence among whales in the broader crypto market.

In the wake of the recent impressive price rallies following the launches of WIF and BOME, investors are now speculating about MEW’s potential to deliver significant gains in the future. In line with this sentiment, the MEW token continues to generate bullish momentum across the expansive landscape of the crypto market.

Features of MEW Coins

• Solana Blockchain: MEW Coin leverages the Solana blockchain, which is renowned for its rapid transaction processing and scalability. It operates on a platform known for its efficiency and adaptability.
• Tokenomics: MEW Coin adopts a tokenomics model geared towards encouraging long-term investment. A mechanism where a percentage of every transaction is burned diminishes the overall token supply, potentially enhancing scarcity as time progresses.
• Community-Centric Approach: Emphasizing the concept of ‘Cat in a Dog’s World,’ the project prioritizes community development. By actively engaging with the community through social media interactions and organizing events, MEW Coin seeks to cultivate a dedicated and supportive user base.

MEW Tokenomics

The total supply of MEW coins is 88,888,888,888 MEW, with the current circulating supply mirroring this figure.

As per the official website, the token distribution strategy for this meme coin is outlined as follows:

• 90% of its Liquidity Pool (LP) tokens are subject to burning to create a stable price floor to mitigate the token’s susceptibility to market fluctuations.
• 10% of the token supply was distributed via an airdrop to the Solana community, fostering engagement and bolstering support within an established user base. This initiative enhances MEW’s visibility and utility within the broader crypto landscape.

Buying cat in a dogs world (MEW) in India

Below are a few simple steps you can follow and buy the MEW tokens in India with WazirX, India’s most trusted and widely used crypto exchange.

The best way to buy MEW tokens is by depositing INR in your WazirX wallet. Alternatively, you can also buy MEW using P2P trade; to get answers to all your queries related to the P2P trade, click here!

Step 1 – Sign-Up on the WazirX platform

To begin buying and selling MEW, you must sign up for an account on the WazirX platform. If you already have an account, you can log in directly.

For your reference, here’s how you can open an account on WazirX.

Step 2 – Set up your account security by verifying your email address.

This step is about verifying your email address. After you sign up on the WazirX platform, you’ll get a verification link on your registered email. By clicking on that link, you’ll get two options to ensure the security of your account – the authenticator app and mobile SMS.

Note: The authenticator app is a more secure way to stay safe when compared to mobile SMS because there’s a risk of delayed reception or SIM card hacking.

Step 3 – Complete the KYC process.

After choosing your country, you can proceed with completing the KYC process. Click here for a detailed overview.

Note: You must complete your KYC to be able to trade P2P or withdraw funds on the WazirX app.

Step 4 – Add funds to your WazirX wallet.

To add funds, simply go to your account on the WazirX app or web. Click on “Funds” and then on “Deposit INR.”

You can deposit INR using any mode (NEFT/ RTGS/ IMPS).

You can also buy MEW through P2P to the WazirX wallet. The MEW will act as funds to help you buy your favorite cryptos.

Step 5 – Finally, buy MEW on WazirX.

You can now easily purchase MEW tokens using INR Deposits. In the case of P2P trade, check MEW to USDT here and MEW to INR here.

After logging in to your WazirX account, you can choose INR from the “Exchange” tab. You can also check all the price charts, order book data, and an order input form on the right side of the screen.

Click “Buy” after entering the amount and checking the total INR amount to be paid.

Your order will be placed according to the price you have input. And, in the case of P2P trade, a seller willing to sell at a price will be notified, and then you can exchange the tokens using P2P.

The order might take a few minutes to complete, but as soon as it is executed, you will receive the MEW Tokens you purchased in your WazirX wallet.

Happy Trading!

Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.