Why did Solana memecoin CATE rally this week?

CATE gained roughly 25% in 24 hours following an earlier 230-fold single-day surge triggered by a viral video shared by Kabosu's owner, the dog that inspired Dogecoin.

Why is Solana's memecoin trading volume rising again?

Memecoin pairs reached 29% of Solana's weekly spot DEX volume in late July, the highest since August 2025, driven largely by the token ANSEM's viral rally on Pump.fun.

What is Japan's Green List and why does SHIB's inclusion matter?

The Green List is a JVCEA whitelist that allows Japanese exchanges to list pre-approved tokens without requiring a full individual review. SHIB became the first memecoin from a G7-regulated market to join the list alongside Bitcoin and Ethereum.

How is Dogecoin performing right now?

Dogecoin is trading at approximately $0.0709 with a market capitalisation of around $12 billion, participating in the broader recovery across the memecoin sector alongside SHIB.

What changed in Japan's crypto tax rules?

Japan's Diet approved legislation on July 15, 2026, to reclassify crypto as a financial instrument and proposed a flat 20.315% tax rate on crypto gains. The effective date still depends on Cabinet approval and could take effect in 2027 or 2028.

Is Solana still considered a memecoin chain?

Not primarily. During the same week that memecoins accounted for 29% of Solana's spot DEX volume, SOL-stablecoin pairs represented 37%, while the network's stablecoin supply and real-world asset ecosystem continued to expand.

Memecoin News: CATE Rally Meets SHIB's Historic Milestone

Yash Shelke

July 29, 2026

Memecoin News: Why Solana's CATE Is Back in the Spotlight

Today's memecoin news spans a viral Solana rally, a broader sector recovery led by two established names, and a regulatory milestone that puts a memecoin on the same list as Bitcoin and Ethereum for the first time in a G7 country.

Memecoin news DOGE SHIB CATE price Source: X(formerly Twitter)

Memecoin News: Solana's CATE Rally and the ANSEM Effect

Solana memecoin CATE gained roughly 25% over the past 24 hours after a volatile trading session, following an earlier single-day surge of around 230-fold triggered when Kabosu's owner — the Shiba Inu that inspired Dogecoin — shared a viral kitten video on X. CATE briefly touched an $11 million market cap before retreating to around $4.5 million, illustrating how quickly Solana momentum can build and unwind.

CATE's move fits a broader pattern on Solana. In the week of July 20–26, memecoin pairs made up 29% of Solana's weekly spot DEX volume, the highest share since August 2025, up from just 10–15% a few weeks earlier. The revival traces largely to ANSEM (also known as The Black Bull), a token with no product, team, or roadmap that launched on Pump.fun in late June and rallied roughly 18,000% in three days after trader Ansem began redistributing creator fees to holders through weekly airdrops. That single token's momentum helped push Pump.fun's share of Solana's daily DEX volume to roughly $614 million of the network's $1.65 billion total — notable given crypto sentiment has remained in Fear territory through the same stretch.

DOGE and SHIB Lead a Broader Recovery

Beyond Solana, established memecoins are showing signs of stabilizing investor interest. Dogecoin trades at approximately $0.0709, with a market cap near $12 billion, while Shiba Inu trades around $0.0000046, with a market cap near $2.7 billion. Crypto commentator David Gokhshtein has pointed to combined strength in DOGE and SHIB as a positive signal for the broader meme coin sector, suggesting investor interest is shifting away from newer, unstable tokens toward established communities with larger holder bases. SHIB has also seen continued token burns aimed at reducing supply over time, while technical analysts have flagged DOGE's key resistance levels as a potential trigger for a larger rally if broken.

SHIB Joins Bitcoin and Ethereum on Japan's Green List

The most structurally significant memecoin news this month came from Japan. Shiba Inu became the first meme coin from a G7 country's regulator to be added to the Japan Virtual and Crypto Assets Exchange Association's Green List — a whitelist that previously held around 30 assets, including Bitcoin, Ethereum, XRP, Litecoin, and Polygon. To qualify, SHIB had to be listed on at least three JVCEA-registered exchanges (it was already trading on eight), and pass reviews covering transparency, technological soundness, and liquidity thresholds.

The approval landed alongside a bigger shift: Japan's National Diet gave final approval on July 15, 2026, to move crypto assets out of the Payment Services Act and into the Financial Instruments and Exchange Act, reclassifying Bitcoin, Ethereum, SHIB, and roughly 105 other tokens as financial instruments, with expanded disclosure duties and insider-trading restrictions now applying to crypto for the first time. A related proposal would cut Japan's crypto gains tax from a progressive rate near 55% to a flat 20.315%, though the effective date depends on Cabinet timing and could land in either 2027 or 2028.

Conclusion

Today's memecoin news shows a sector moving on two speeds simultaneously — Solana's speculative, cyclical token launches driving short-term volume spikes, and established names like DOGE and SHIB gaining structural legitimacy, with Japan's Green List approval marking a real regulatory first for the memecoin category.

Disclaimer

This article is for informational purposes only and does not constitute financial or investment advice. All figures are based on publicly available market data and regulatory announcements as of July 29, 2026, and are subject to change. Prices are highly volatile and speculative. Always conduct independent research before making any investment decision.

About the Author Yash Shelke

English News Writer at coingabbar.com

Yash Shelke is a crypto content writer with hands-on experience in blockchain, cryptocurrency markets, and Web3 ecosystems. He specializes in delivering timely crypto news, in-depth token analysis, and insights driven by on-chain data and market trends.

With a technical background in blockchain and finance , Yash brings a data-oriented and analytical perspective to his writing. His work focuses on decoding complex market movements, covering high-volatility events, and simplifying DeFi, altcoins, and macro crypto cycles for a wide audience.

He aims to bridge the gap between technical blockchain concepts and practical market understanding—helping both retail investors and experienced traders make informed decisions through clear, research-backed, and engaging content.