Cult memecoin launch sees over $600M in FDV as MOG tops cat-based memecoins by market cap

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