Dogecoin

Momentum

POPCAT

<ul>
 <li>A whale withdrew 39,816 SOL from Binance to buy 10M POPCAT, highlighting growing interest in the token.</li>
 <li>POPCAT has established its position as the largest cat-themed token, surpassing its competitor MEW in market cap.</li>
</ul>
Particularly among whales, Binance’s recent announcement on the release of POPCAT perpetual contracts has attracted a lot of attention in the crypto market.
Notably, a whale withdrew a significant 39,816 SOL, worth around $5.73 million, from Binance to buy 10 million POPCAT tokens, according to <a href="https://x.com/lookonchain/status/1826627023009448167" rel="noopener noreferrer nofollow">Lookonchain</a>. This deal alone highlights the increasing excitement around this cat-themed meme token, which has achieved amazing increases in a short period.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Crazy buying of <a href="https://twitter.com/search?q=%24POPCAT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$POPCAT</a>!
 After <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> announced the launch of <a href="https://twitter.com/search?q=%24POPCAT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$POPCAT</a> perpetual contracts, a whale withdrew 39,816 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a>($5.73M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> to buy 10M <a href="https://twitter.com/search?q=%24POPCAT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$POPCAT</a>!<a href="https://t.co/smN6cNogIo" rel="noopener noreferrer nofollow">https://t.co/smN6cNogIo</a> <a href="https://t.co/E3zMHy6Qoh" rel="noopener noreferrer nofollow">pic.twitter.com/E3zMHy6Qoh</a>
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1826627023009448167?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 22, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<h2 id="strong-popcat-momentum-reflects-market-excitement-as-trading-volume-surges-strong">POPCAT Momentum Reflects Market Excitement as Trading Volume Surges&nbsp;</h2>
POPCAT’s pricing action has mirrored the buzz about it. The token’s price at the time of writing has increased 35.42% over the last 24 hours to reach $0.6189.
Along with this huge rise in value, trading volume has surged by 211% to $175.53 million. Moreover, the market cap of the token has exceeded $600 million, therefore reinforcing its place in the market.
The strong performance of POPCAT has made it the top cat-themed token, overtaking its rival <a style="color: #008000;" href="https://www.crypto-news-flash.com/popcat-surpasses-mew-and-mog-coin-in-market-cap-rankings/" target="_blank" rel="noopener noreferrer nofollow">MEW</a> with a market capitalization of about $439.34 million. Particularly among those with feline themes, this change in the ranks emphasizes POPCAT’s increasing supremacy in the meme token market.
POPCAT had been <a style="color: #008000;" href="https://www.crypto-news-flash.com/solanas-popcat-tops-gainers-list-targeting-1-in-new-bull/" rel="noopener noreferrer nofollow">aiming for a price of $1</a> as its all-time high before its fall on August 5. Given the present rebound, this target is once again within the view of those who support and invest in the token since they are hopeful about its future possibilities.
Particularly while the market is going through what many are referring to as an altcoin season, POPCAT’s huge increase in value since the beginning of the year—which now totals over 3,700%—has been evidence of its durability and wider interest in meme tokens.
On the other hand, a prior CNF <a style="color: #008000;" href="https://www.crypto-news-flash.com/dogecoin-sees-32-spike-in-key-metric-is-a-doge-price-surge-ahead/" rel="noopener noreferrer nofollow">report</a> shows that the top token in the meme coin sector, Dogecoin (DOGE), has seen a 32% rise in key metrics. From its present value, an analyst has even projected that Dogecoin would grow fivefold, maybe attaining a new support level at $0.6.

POPCAT Soars as Binance Launches New Perpetual Contracts

Table of Contents

Crypto News Flash

Other articles published on Aug 23, 2024

Bitcoin miner profits drop as halving, power costs weigh — JPMorgan

Goldman Sachs Contradicts Past Skepticism with $418M Bitcoin ETF Investment

Bitcoin mining approaches quantum computing revolution

Fetch.ai Opens Innovation Lab in San Francisco to Advance AI Technology

Unraveling Bitcoin Phenomenon: Its Effect on ETFs and Price Movement

Analysts Suggest Kaspa (KAS) and RENDER Will Rebound; Rollblock Continues to Thrive Amid Market P...

Join our free newsletter for daily crypto updates!