Mog's recent rapid rise has significantly increased its possibility of becoming a leading project in the second tier of the meme coin space.
It is worth noting that there is a high overlap in holder structure between Mog and the two popular meme coins, Pepe. Many early core holders of Pepe are also significant holders of Mog, and this close community connection has resulted in a noticeable correlation in their performance in the secondary market.
From the perspective of market participants, Mog, which has strong cultural attributes, previously had relatively limited recognition and activity in the domestic market.
However, with the continued attention and promotion from opinion leaders in Silicon Valley's tech circles, Mog is gradually breaking down barriers.
Industry insiders expect that as its influence overseas continues to grow, Mog is likely to re-attract domestic capital's attention, sparking a new wave of interest in the crypto market.
