One of the meme coins that stole the show in crypto today is POPCAT, as its price pumped over 30%. While the market is in the green today, it’s rare to find a high-cap altcoin with a double-digit pump.
LookOnChain reported a significant development that likely contributed to this surge. After Binance announced the launch of POPCAT perpetual contracts, a whale withdrew 39,816 SOL (worth approximately $5.73M) from Binance to buy 10M POPCAT tokens.
Popcat is a meme coin based on the viral Popcat internet meme, which features a cat named ‘Oatmeal’ with two distinct facial expressions – one with a closed mouth and the other wide open in an ‘O’ shape. The meme gained popularity in October 2020 for its simple yet amusing concept of toggling between the images to create a ‘popping’ sound.
The Popcat meme has evolved into a cryptocurrency project on the Solana blockchain, exemplifying the influence of internet culture on the crypto space. Popcat ($POPCAT) has seen a meteoric rise, with its market cap surging from an initial $200,000 to over $500 million, making it the third most popular meme coin on Solana after Bonk and Dogwifhat.
Read also: How Much Will 100 Chainlink (LINK) Tokens Be Worth in 2025?
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
