Altcoin
Popcat Price Skyrockets 22%; Why Is The Solana Meme Coin Rising Today?
Solana meme coin POPCAT price has again secured a prominent mark on crypto traders’ and investors’ radars, pumping 22% amid a major listing. Notably, as the crypto exchange giant Coinbase expanded trade offerings for the token, a bullish market sentiment bubbled in. As a response, the meme coin’s price has defied the current broader market’s volatile trend, trading dominantly in the green.
POPCAT Price Jumps Amid Coinbase Listings
The crypto exchange behemoth Coinbase has unveiled a stockpile of listings for the Solana meme coin recently. According to an X post on February 7, Coinbase has added the token to its spot listing roadmap. This measure remains poised to enhance the asset’s market exposure, paving a bullish path for future movements.
Moreover, the top crypto exchange has also revealed a perpetual contract launch for the meme Coin in another X post on February 6. As an upshot, traders and investors are bullishly eyeing POPCAT price, as it already soars whilst the enhanced offerings further provide heightened money inflow to the token’s ecosystem.
Cat-Themed Coin Defies Broader Crypto Market Trend
Meanwhile, it’s noteworthy that the crypto market took a severe hit this week in light of the Donald Trump tariff saga. Bitcoin and altcoins lost alarming amounts in the past seven days, with the flagship crypto even hitting a $95K low.
Nevertheless, POPCAT’s price has defied this broader waning action, trading dominantly in the green amid major listings. The meme coin also showcases strong on-chain metrics in the interim, fueling further market optimism.
POPCAT Price Shoots Up 22%
At the time of reporting, POPCAT price witnessed a remarkable 22% uptick and is currently sitting at $0.2730. The meme coin’s intraday low and high were $0.2056 and $0.2737, respectively. Notably, the current uptrend aligns with Coinbase’s listings.
Further, even the derivatives market saw renewed interest, signaling a positive market sentiment for the asset. Coinglass data revealed that the coin’s futures OI jumped 28% to $148.90 million. Moreover, the derivatives volume shot up by nearly 150% to $728.53 million. In turn, market watchers continue to bullishly eye the token’s future movements.
Also, renowned market expert TraderSZ took to X, sparking further optimism on the Solana meme coin with recent comments. According to the market expert, “POPCAT bouncing nicely, expecting the other SOL memes to do similar soon as long as BTC and sol behave.”
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
✓ Share: