Popcat, the new Solana-based memecoin, is taking the crypto world by storm! With a massive 117% increase in Q3, this cat phenomenon has managed to attract attention in the market. Popcat has become the first cat-themed memecoin to achieve this feline success, reaching a market value of $1 billion, and has also pioneered projects such as Sei (SEI) and Worldcoin.
Rise Among Memecoins
In recent months, memecoins have been a huge movement in the crypto market, leaving other established coins behind. Dog-themed tokens like dogwifhat (WIF) attracted investors, especially in Q1 and Q2. But now, Solanaâs most popular memecoin, Popcat, is playing a major role in the rise of the cat-themed trend.
Investors and market experts are praising the success of this cat-themed phenomenon. Popcat has been among the top 100 cryptocurrencies that have gained the most, even during market pullbacks. Moreover, despite 55% pullbacks during market crashes, its price has quickly recovered and surpassed its previous levels. It has increased by 117% in the last three months, reaching an all-time high of $0.68.
New ATHs and Market Cap
Popcat surpassed its previous ATH of $0.97 late Tuesday and surged 21% to $1.08. However, that level quickly retreated to $1.01-$1.02. This phenomenal rise has pushed Popcatâs market cap to $1 billion, making it the first memecoin and the top cat-themed cryptocurrency in the industry. As a result, the token has gained 57.8% on the week and 40.2% on the month. In addition, its trading volume has increased by 82% in the previous 24 hours, reaching $133.3 million.
Investors Expect Further Rises!
When Popcat surpassed $1, crypto whales took action. According to Lookonchain data, one investor bought 1.3 million POPCATs in just two days, paying 8,644 SOL; a transaction worth $1.29 million! After buying 456,000 tokens on Monday, he bought another 843,000 POPCATs after the $1 mark was touched.
But a striking detail is that a two-month-old whale sold POPCAT stock at a 45% loss. This investor lost $611,000 by selling 1.69 million tokens.
Popcat continues to attract the attention of cat lovers and crypto investors alike. We will see where this uptrend leads!
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