A meme coin issued by cryptocurrency wallet Bitget has surged by more than 14,000% to a $31 million market cap hours after being released. The ticker for the token, which was issued on Base network, is MOEW, and it is currently trading at $0.0028 on the back of $34 million worth of trading volume, CoinMarketCap data shows. 11,700 individual wallets currently hold MOEW, according to Basescan. "Just for funsies, nothing too serious. We wanna see what the power of memes can do," Bitget's wallet team wrote on social media platform X.