POPCAT Soars After Kraken Unveils Trading Support

Popcat Meme Coin Sees Significant Price Surge

• Popcat’s value increased by over 11% following Kraken’s announcement of spot trading on September 19.
• The price peaked at $0.67, with ongoing trades indicating a continued upward trend.

Popcat (POPCAT), a meme coin associated with Solana, has experienced a notable uptick in its trading value due to the crypto exchange Kraken’s announcement of support for spot trading. Rising by nearly 30% in recent days following a listing on Binance for perpetual contracts, the token is now gaining traction in the market.

Impact of Kraken’s Listing

After Kraken confirmed that it would offer Popcat for trading starting September 19, 2024, the meme coin’s value surged from $0.58 to a high of $0.67. Data from CoinGecko indicates that the price was showing a steady increase, settling above $0.66 at the last check.

📅 A sneak peek at next week’s listings*:

Sep 19th – 15:00 PM UTC $POPCAT $GFI $KUJI (geo expansion)

👀 Roadmap updates every Thursday ⤵️ https://t.co/hv1TlhIJJf

*Geographic restrictions may apply pic.twitter.com/Ppsfxynkg4

— Kraken Pro (@krakenpro) September 12, 2024

Popcat is already available on several platforms including Bybit, Gate.io, and Kucoin, but major exchanges like Binance and OKX have yet to implement spot trading, having only listed POPCAT futures. Kraken’s new support is considered a significant step forward, positively influencing the token’s market visibility.

Other Meme Coins Taking Off

Despite the current price being well above the all-time low of $0.003 reached on January 5, 2024, POPCAT remains around 35% lower than its all-time high of $0.99 from July 21, 2024. With its price nearing the $1 mark, there is potential for a recovery in the meme coin market.

Other meme coins also experiencing gains today include Tron-based Sundog (SUNDOG) and Simon’s CAT (CAT). The former saw a spike following a whale withdrawing $2 million in TRX and investing it in SUNDOG, while Simon’s CAT gained traction after Bybit indicated plans to list it.