Tokens like POPCAT, MEW, MOG, and CAT have witnessed remarkable gains, with some experiencing up to a 40% increase in value within a week. This surge follows a 50 basis point rate cut by the U.S. Federal Reserve, signaling a resurgence of risk-on sentiment in the crypto market. Notably, POPCAT has achieved a $1 billion market cap, while MOG has surged by 70% in just two weeks due to robust social media support. On the other hand, CAT, associated with Simon’s Cat comics, has seen a trading volume of $145 million in the last 24 hours.

Market analysts anticipate sustained growth in meme coins, driven by expected liquidity expansions and bullish market sentiment. This trend could potentially lead to a boom akin to previous cycles. The resurgence of cat-themed meme coins reflects the return of risk-on sentiment in the broader crypto market.

Tokens such as Solana-based POPCAT, cat in a dog’s world (MEW), Ethereum-based MOG, and BNB Chain-based Simon’s Cat (CAT) have all experienced significant gains of up to 40% within a one-week period. The majority of these gains occurred following the U.S. Federal Reserve’s rate cut, which fueled the prices of risk assets, including bitcoin (BTC).

Popcat, a token associated with a meme featuring a cat with its mouth popped open, is on the verge of reaching a $1 billion market cap. Meanwhile, culture coin MOG has surged by 70% in the past two weeks due to its strong cult following on social platforms. The community often engages with the terms “mogging” and “mogged” to enhance its visibility.

The newly released CAT has rapidly risen to become one of the most prominent cat memes, with over $145 million in exchange bets within the past 24 hours. This token is officially linked to the Simon’s Cat comic series.

Since early 2023, meme tokens have increasingly been viewed as a leveraged means to bet on the growth of their underlying blockchains, and they are often referred to as beta bets by crypto traders.

Cat-themed tokens have emerged as a new cohort alongside dog-themed Dogecoin (DOGE) and Shiba Inu (SHIB), both of which were among the biggest gainers in the 2020-2021 bull run. The relatively smaller total market capitalization of cat memes makes them a more appealing option than their dog-themed counterparts. The dog memes sector tracked by CoinGecko shows an average gain of 4% in the past 24 hours, while cat tokens have experienced a 14% increase.

Some market makers expect meme coins, along with alternative tokens, to continue surging in the coming months. Alex Andryunin, founder of Gotbit Hedge Fund, known for supporting meme coins, stated that “memecoins are experiencing a surge largely due to the anticipation of increased liquidity following the Federal Reserve’s recent 0.5% interest rate cut.” He added, “We anticipate that the memecoin market could grow significantly over the next two months. The increased liquidity and a heightened appetite for risk may drive investors toward these high-risk, high-reward assets, potentially leading to a boom similar to previous cycles.”

Overall, the resurgence of cat-themed meme coins and the anticipated growth of meme coins in the market reflect a renewed risk-on sentiment and investors’ bullish outlook. This trend aligns with the broader crypto market’s response to the U.S. Federal Reserve’s rate cut and underscores the potential for significant growth and opportunities in the crypto space.