Cat-Themed Memecoin $MICHI Surges 90%, Hits $200M Market Cap

May 10, 2024, 04:38 AM

The cryptocurrency $MICHI experienced a significant surge in market value, with an 83% increase reaching a market cap of $175 million, and later breaking a new all-time high of $200 million. This performance is part of a broader trend in memecoins, particularly those themed around cats, showing strong market performance. Comparatively, $WIF, another memecoin, saw a 1,500% return over two months, escalating from $0.30 to $4.91. Additionally, $MICHI gained 61% in a short period and was up approximately 90% on the day.