During a week that has not been quiet for the Solana meme ecosystem, a single token is capturing all the attention: $MASK, the cat-themed memecoin by @thecatwifmask.
It has been only a week since the launch of $MASK, yet it has already surged to a peak market cap that now stands at $27 million. This means that $MASK has grown to what seems like an almost unreal valuation—700.6 times its earliest pricing—which brings it to a figure only seen in memecoins that are, for all intents and purposes, abandoned (if not also derided).
That said, some traders are taking this rise seriously, and for our part, it’s hard to ignore an asset that’s apparently being adopted so quickly. Who, after all, wouldn’t want to grab a piece of what looks to be a swiftly rising Solana meme?
The breakout of the token is driven by substantial community expansion, and by social media enthusiasm. Add to this a handful of smart traders who seem to handle the token’s volatility with unusual adeptness, and you have the makings of a chart that goes up and to the right. This is what we in the business call good price action.
5,000 New Holders in 24 Hours Signal Community Momentum
Possibly the most remarkable metric behind the rise of $MASK is the extraordinary growth in the number of its holders. Just 23 hours ago, the number was standing at 16,728. Today, it has blasted past 21,000. That works out to well over 114 new holders per hour—many of them likely buying in at the current price of around $0.45. And in the world of crypto, especially the memecoin dimension of it, more holders typically means a price going up.
$MASK @thecatwifmask is just 6 days old… but something is happening 👀
23 hours ago: 16,728 holders
Now: 19,362 holders
That’s 114 new holders per hourSomething’s heating up.
Is the second pump coming? pic.twitter.com/ma9qtmQZTY
— Stalkchain (@StalkHQ) June 4, 2025
The expansion of holders is driven by a combination of organic enthusiasm and solid meme branding, with perceived upside potential acting as a lubricant. The token’s branding—around a mysterious cat with a mask—sits right in the market’s bullseye with meme lovers who delight in personalized, over-the-top absurdity. And the thing goes that. Also, why is it going viral? Well, it probably can’t hurt that influencers are talking about it.
Trader Turns $27K Into $38K in 48 Hours
The early crowd is already securing earnings as the wider public keeps coming in. One on-chain trader spun a $MASK token story worth six figures together during the period between June 2 and June 4. Over that span, they picked up 1.89 million tokens for about $27,860. Less than 48 hours later, they had made a 38.82% profit, selling those same 1.89 million tokens for around $38,680. That upside was largely a timing play, with the trader executing what is commonly referred to in trading circles as a “textbook” trade.
This Trader Didn’t Miss: $10.8K Profit on $MASK in 48H
On-chain sharpness 👀
Between June 2–4, 2025, a trader quietly accumulated 1.89M $MASK for $27.86K.
Today, they exited for $38.68K — all within 48 hours.
📈 Profit: $10.82K
📊 ROI: +38.82%
🧠 Timed entry + clean exit =… pic.twitter.com/T4bgJ6Z9yP— Stalkchain (@StalkHQ) June 5, 2025
Increasingly common in nascent meme markets, stories like this are executed with particular precision. What makes this one standout is not just the profit, but the impeccable timing—the trader entering during the build-up phase and exiting into strength before the hype cycle peaked. It serves as a more-than-adequate illustration of how understanding on-chain flows and sentiment can yield outsized returns in fast-moving markets.
It also emphasizes the significance of momentum trading strategies in the meme domain, where price movement frequently occurs in dramatic surges and where making exit trades can be just as crucial as making entry trades.
Can $MASK Sustain the Momentum?
The current question is whether the momentum of $MASK is sustainable or if what we’re seeing now is the peak of a short-lived pump. Rapid growth in memecoins is often followed by…
To begin with, the consistent increase in the number of holders points to a rise that is more likely driven by the grassroots than by the whimsy of whales. Then, too, the branding and narrative around the token appear increasingly to be of the sort that conjures a strong and lasting community—a crucial factor in a sector where community is everything. Finally, if less recognized tokens can be built up to the kind of liquidity numbers that make not-flipping-a-Mask-a-better-bet-than-flipping-a-Mask seem a clear and present reality, that might also carry nontrivial sequence-of-returns implications.
Even so, risks exist. Lacking a clear path, real use, or broader ecosystem connectivity, $MASK depends entirely on social and market sentiment. A single day of heavy selling or of influencers switching their schtick could change sentiment fast. But for now, it’s a pretty straight shot to bullishness, with the next big what-happens-now moment (or Milestone Moment, in the parlance of these times) right around the corner.
It is still unclear whether $MASK will become the next iconic meme asset or burn out after its initial breakout run. What is clear is that $MASK is making major moves on the Solana blockchain.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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