What Happened: The 2024 meme coin saga added a new chapter, as Ansem, an influential figure in the Solana ecosystem teased and later revealed his cat’s name as Hobbes:
Subsequent video proof of the cat only spurred on the rally of HOBBES (the meme coin), which shot to a preliminary all-time high market capitalization of $98 million on trading volume of over $170 million per DexScreener data.
The cat reveal hit an already heated meme coin market, which has seen cat-related speculation over the past week. MEW, another cat-themed coin, had shot to a valuation of over $500 million the prior week, netting a trader a 255X return.
As one influencer points out, cat-themed coins severely lagged in valuation only a month ago but are now heavily trending on Solana:
Per CoinGecko data, the market capitalization of cat coins has surged to $1.9 billion, slightly closing the gap to dog coins” $52 billion valuation.
The influencer also teased “the first cat to a dollar” in a tweet, without specifying which coin he referred to.
What’s Next: The impact of meme coins on in cryptocurrency investments is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.
Read Next: Trader Who Urged Everyone To Buy $1 Of Bitcoin In 2013 Now Advocates For ‘Dogecoin Killer' Shiba Inu
Image created using artificial intelligence with Midjourney.
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
