Popcat Hits Record High After Surge To $1


Popcat, the newest Solana-based memecoin, is one of the best-performing cryptocurrencies. After its 117% Q3 rise, memecoin has taken the focus from other well-established coins.

The feline phenomenon is the first cat-themed memecoin to reach $1 billion in market value, leading the bullish run with Sei (SEI) and Worldcoin.

PopCat's market cap reaches $1 billion

Memecoins led this cycle, outperforming other cryptocurrencies in recent months. In Q1 and Q2, dog-themed tokens like dogwifhat (WIF) led the craze. However, a feline competitor is threatening Solana's top memecoin.

Investors and market experts have complimented the cat-themed trend's success in recent months. POPCAT was the top 100 cryptocurrency gainer numerous times throughout Q3's market retraces.

After 55% pullbacks during market collapses, memecoin prices recovered and exceeded their earlier levels. POPCAT's price has risen 117% in three months from $0.68 to a new all-time high.

The cryptocurrency broke over its previous ATH resistance level of $0.97 late Tuesday. After rising 21% to $1.08, its new ATH, memecoin retraced to $1.01-$1.02.

The spike pushed POPCAT's market worth to $1 billion, making it the first memecoin in this sector and the top cat-themed currency.

After its extraordinary climb, the token rises 57.8% and 40.2% weekly and monthly. In the previous 24 hours, its trading volume rose 82% to $133.3 million.

Investors Expect More Price Growth
Crypto whales packed as POPCAT broke $1. Lookonchain said Wednesday morning that a crypto investor repurchased the cat-themed phenomenon, showing that some investors are optimistic about its future.

Over two days, the whale bought 1.3 million POPCAT for 8,644 SOL, worth $1.29 million, according to the article. After buying 456,000 tokens on Monday, the address acquired 843,000 POPCAT after memecoin touched $1.

A two-month-old whale sold its POPCAT stake at 45% loss. The investor lost $611,000 selling 1.69 million tokens.

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