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Cat-themed meme coins have recently been all the rage on Solana (SOL). The success of projects like cat in a dogs world (MEW) and Popcat (POPCAT) clearly shows that the crypto community is highly receptive to meme coins whose story revolves around cute felines.
In December 2023, another meme coin project riding the current "catomania" wave emerged on Solana. Catwifhat (CWIF), however, is unlike the majority of other cat-themed meme coins: it has a unique deflationary property that might pique the interest of the most conservative among crypto investors, in addition to the hordes of meme coin enthusiasts. Four percent of each transaction involving the CWIF token is burned, gradually reducing its total supply while increasing its scarcity, and, hopefully, its value as well.
Key Takeaways:
Catwifhat (CWIF) is a cat-themed meme coin based on the Solana blockchain.
CWIF's popularity is growing fast, with the token's holder base having grown to over 1.2 million per the project team's estimates.
At least three similarly named tokens are in the market, albeit with different tickers. Still, CWIF is the absolute leader when it comes to popularity and trading volumes.