Popcat, the popular meme coin based on the Solana blockchain, saw a significant surge in price following the announcement of its listing on the cryptocurrency exchange Kraken for spot trading. The price of POPCAT rose more than 11%, reaching highs of $0.67 and continuing to trade higher at the time of writing.
Kraken’s decision to add support for spot trading of Popcat came after the coin experienced a nearly 30% increase following its listing on Binance for the POPCAT perpetual contract. This double-digit gain on September 12 was just the beginning of the coin’s upward trajectory.
The news of Kraken’s listing of Popcat on September 19, 2024, led to a further increase in the price of the meme coin, jumping from $0.58 to highs of $0.67. CoinGecko data indicated that the price of POPCAT was up 10% and hovering above $0.66 at the time of writing.
Popcat is currently available for trading on platforms such as Bybit, Gate.io, MEXC, Crypto.com, and Kucoin. Despite being listed on these exchanges, two major players in the crypto market, Binance and OKX, have yet to add support for spot trading of Popcat, opting instead to list POPCAT futures.
Kraken’s decision to support spot trading for Popcat is a significant development for the coin and its community. The price of the token responded positively to this news, reflecting the excitement within the community for increased visibility and accessibility of Popcat.
In addition to Popcat, other meme coins such as SUNDOG and Simon’s CAT have also seen surges in price recently. While Popcat’s current price is well above its all-time low of $0.003, it remains more than 35% below its all-time high of $0.99 reached on July 21, 2024. The upward momentum towards the $1 level suggests that Popcat could potentially target this peak in the future.
SUNDOD, a Tron-based meme coin, experienced a spike in price after a whale withdrew $2 million worth of TRX and used the funds to purchase SUNDOG. Similarly, Simon’s CAT, which recently completed an airdrop to Floki holders, saw an increase in price following hints from Bybit about a potential listing.
The surge in meme coin prices indicates a renewed interest in these digital assets, with investors looking for opportunities to capitalize on the volatility and potential gains in the market. As the crypto landscape continues to evolve, meme coins like Popcat, SUNDOG, and Simon’s CAT are likely to attract more attention and investment from traders seeking high-risk, high-reward opportunities.
Overall, the addition of Popcat to Kraken’s list of supported coins for spot trading is a significant milestone for the coin and its community. With the price of POPCAT continuing to climb and other meme coins also experiencing upward momentum, the future looks bright for these digital assets in the ever-changing world of cryptocurrency trading.