Popcat Price Surges
🚀 Meme Coin Madness: Popcat Price Rally Gains Steam 🚀
Well, isn’t this just peachy? Popcat, that delightful little meme coin on the Solana network, has been on a tear, reaching its highest level since March 3. I mean, who doesn’t love a good meme coin? 🤣
The Popcat (POPCAT) token has climbed to $0.2722, nearly doubling from its lowest point this year. Its market capitalization has surged to $254 million, making it the sixth-largest meme coin in the Solana ecosystem. I’m no expert, but I’m pretty sure that’s a lot of cat pictures. 🐱
Popcat’s surge has coincided with the ongoing recovery of other meme coins. Top Solana meme tokens like Fartcoin (FARTCOIN), Dogwifhat (WIF), Peanut the Squirrel, and cat in a dogs world have soared by over 20% in the last seven days. I’m starting to think that the only thing more popular than meme coins is cat videos. 🐈
Data from third-party sources shows that the amount of POPCAT tokens held on exchanges has fallen over the past week. There are now 237.85 million tokens on exchanges, representing a nearly 10% decrease. The total share of supply held on exchanges has dipped to 24.24%. Ah, the old “investors are moving their coins to self-custody” trick. I’m sure that’s just a coincidence. 😏
A drop in the number of tokens on exchanges is a bullish sign, apparently, since it means investors are moving their coins to self-custody. Because, you know, nothing says “bullish” like a bunch of people putting their money under their mattresses. 🤣
On-chain data from Nansen also shows strong conviction among profit-leading holders. The most profitable Popcat trader over the past week has made nearly $2 million and is still holding 99% of their tokens. Another top trader, with $121,000 in realized gains, is also holding 99% of their holdings. I’m starting to think that these traders are just trying to outdo each other in a game of “Who Can Hold the Most Cat Pictures.” 🐱
Popcat price technical analysis
The daily chart shows that Popcat had been in a sustained downtrend since peaking at $2.07 in November and has bottomed out at $0.1590 earlier this month. It is now forming a double-bottom pattern which is classic bullish reversal sign. Because, you know, nothing says “bullish” like a bunch of lines on a chart. 📊
Indicators like the Relative Strength Index and the Percentage Price Oscillator are pointing upward, indicating a bullish divergence is forming. If momentum continues, Popcat could rally toward the psychological resistance at $0.50 which is around 100% above its current level. However, failure to hold recent gains may indicate further downside. Because, you know, nothing says “invest wisely” like a bunch of fancy charts and graphs. 📊
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2025-03-25 21:00