In a notable milestone for the memecoin landscape, Solana’s $POPCAT (@POPCATSOLANA) has officially become the first cat-themed memecoin to achieve a market cap of $1 billion across all blockchains.
This achievement comes as the token experiences a surge, climbing 14.5% in value and reaching an all-time high (ATH) of $1.07.
🚨 BREAKING: Solana memecoin $POPCAT (@POPCATSOLANA) becomes the first cat-themed memecoin to hit a $1B market cap across all chains. pic.twitter.com/wVzQwrod9l
— SolanaFloor (@SolanaFloor) September 24, 2024
The enthusiasm surrounding $POPCAT reflects growing optimism among memecoin traders, who see potential in this Solana-based project.
Recently, a significant player in the market, known as a “whale,” made headlines by reinvesting in $POPCAT after previously incurring a loss of $611,000 (approximately 45%).
Over the past two days, this whale spent 8,644 SOL, worth around $1.29 million, to acquire 1.3 million tokens at the price of $1 each.
A whale who lost $611K(-45%) on $POPCAT before spent 8,644 $SOL($1.29M) to buy 1.3M $POPCAT at $1 again in the past 2 days.
Can he make money on $POPCAT this time?https://t.co/xmXhubPcWP pic.twitter.com/mgDzu7gGYZ
— Lookonchain (@lookonchain) September 25, 2024
New And Returning Investors Camp Around $POPCATÂ
This robust interest from both new and returning investors underscores the resilience of the memecoin market, particularly for unique projects like $POPCAT. As more traders enter the space, the momentum is likely to continue, making $POPCAT a standout in the ever-evolving landscape of cryptocurrencies.
As the community rallies behind this burgeoning memecoin, all eyes will be on $POPCAT to see how it performs in the coming weeks and whether it can maintain its impressive market cap in the competitive memecoin arena.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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