Bitcoin News Today: Mew Coin's Price Rebound Hinges on Social Sentiment and Speculation

The top three cryptocurrencies expected to experience significant price growth in August 2025 include notable assets such as MEW (Mew Coin). MEW, also known as "cat in a dogs world," is a meme-themed token built on the Solana blockchain. As of August 20, 2025, MEW is priced at $0.0029, with a market capitalization of $255.80 million and a circulating supply of 89 billion tokens, which is also the maximum supply [1]. The token has experienced a sharp decline in value over the past year, with a price drop of 38.65% since its all-time high of $0.0129 recorded on November 17, 2024. Despite its low price point, MEW has garnered considerable attention on social media platforms, particularly on Reddit and Twitter, where sentiment appears to be mixed but largely neutral [1].

The token has also been traded on major exchanges, including Bitget, where the average price is $0.0030. Trading volume for MEW has shown a consistent increase over recent weeks, with the 24-hour trading volume reaching $33 million and the 7-day trading volume standing at $164.64 million [1]. This suggests growing interest and liquidity for the asset, potentially signaling a turning point in its price trajectory. Investors are closely monitoring MEW’s performance in the context of broader market dynamics, including the increasing adoption of meme coins and the influence of social media trends on token valuations.

MEW’s performance is often compared to major cryptocurrencies like Bitcoin and Ethereum. Over the past year, it has underperformed both by a significant margin, with a -66.67% return against the broader crypto market, -67.02% against Bitcoin, and -61.6% against Ethereum [1]. These figures highlight the token's vulnerability to market corrections and the importance of broader macroeconomic factors in its valuation.

Analysts and investors are also paying attention to MEW’s listing on platforms like Coinbase, which provides real-time data and trading tools for users to monitor the token’s price action. Coinbase has reported that MEW is among the most discussed tokens in the meme coin category, with 344 contributors and 879 total posts, placing it at rank 568 in overall social media activity [1]. The platform also notes that MEW has no recent news articles published about it, suggesting that its growth is driven primarily by speculative trading rather than fundamental developments.

Looking forward, MEW’s potential for growth is being assessed within the broader context of the cryptocurrency market. With Bitcoin reaching record highs above $124,000 and Ethereum surpassing $4,500 for the first time in over three years, the environment for altcoins and meme coins is favorable [2]. However, MEW faces stiff competition from other tokens that have seen substantial price increases in 2025, including Ethereum, Bitcoin, and XRP. The token’s ability to capitalize on this momentum will depend on its utility, adoption, and the level of community engagement.

As the market continues to evolve, MEW’s price movements will remain closely watched, particularly as investors look for early access to tokens that show potential for exponential growth. The token’s performance over the next few months could be influenced by broader market sentiment, regulatory developments, and the continued rise of meme-based cryptocurrencies in the digital asset space.

Source: [1] mew coin, mew coin price, mew crypto - cat in a dogs world (https://www.coinbase.com/price/mew) [2] cat in a dogs world (MEW) Price, Charts & News (https://www.forbes.com/digital-assets/assets/cat-in-a-dogs-world-mew/)