MOG Outshines Memecoins as Cult Launches with $845M FDV

Cult, a new memecoin, surpassed its initial value by more than $600 million within hours of its launch. Competition within the memecoin ecosystem has been further shaken up by MOG, which now holds the title of largest cat-themed memecoin in terms of market capitalization, surpassing POPCAT.

Dexscreener reported that Cult, an Ethereum-based memecoin, debuted on December 5, with the coin reaching a fully diluted initial valuation peak of $845 million and then stabilizing at around $630 million. FDV represents the value of a crypto project’s total supply if all of its tokens were in circulation in the market, helping investors assess the health of a project. Similarly, Mogcoin (MOG), a memecoin that originated from cat memes, surpassed Popcat (POPCAT) in market capitalization at $1.46 billion. This makes it the largest token in the catcoin category.

Cult Launch

Remilia Corporation, the creator of the Milady Maker NFT collection, had been making cryptic teases on social media for months before the token’s launch. According to Charlotte Fang, head of Remilia Corporation, the Cult token is not only monetary, but also an ideological ecosystem. She called it “fundamentally different.” This extraordinary event follows the ICO’s $20.5 million pre-sale fundraising; the team structured the token to emphasize long-term community engagement.

MOG token takes over from POPCAT

According to CoinMarketcap, approximately 64.26% of investors have balances ranging from 0 to $1,000, with significant growth of $100,000 in increments of 2.49%, suggesting broad appeal for individuals and large investors . A balanced distribution of whales accounts for 23.88% of the supply, while small holders hold 76.12%, reflecting high confidence in the token. In addition, the growth rate of medium-term investors stands at 64.4%, that of traders at 28.65%, and that of long-term investors at 6.91%. Even as activity increases, transaction fees remain low, helping to ensure efficient trading and liquidity.

MOG’s overall trend is reflected in its growing market capitalization, balanced investor participation at all levels and increased market engagement. The emergence of memecoins like Cult and MOG shows the rise of memecoins as investment vehicles for community ecosystems, despite their inherent volatility and risk.