In our commitment to continually broaden our offerings, we are introducing a new project addition - POPCAT.
This article provides you with a comprehensive overview of the POPCAT project, its native token, tokenomics, functionalities, and its potential impact on the crypto ecosystem.
What is POPCAT?
POPCAT is a meme coin on Solana whose origins can be traced back to late 2020. The words Pop and Cat refer to a series of videos showcasing two images of a cat named 'Oatmeal'. In one image, the cat has its mouth closed and in the other it has its mouth open. The second image is edited to give its mouth a wide 'O' shape.
As with many meme coins, the memes are meant to be funny and playful. Video memes feature captivating background music. The cat memes often attract high engagement on the project’s social media pages.
Key Features of POPCAT
- Immutable: POPCAT is immutable, critical for maintaining the integrity of the transactions and ensuring trust in the system
- Community Owned: The project is 100% community-owned.
- Vibrant Community: POPCAT has a vibrant community on Twitter and Telegram.
- POPCAT Click: A webpage featuring two games, Maxwell Cat World and Spinning Rat, as well as a merchandise store.
Overview of POPCAT
POPCAT is the native cryptocurrency of the POPCAT project. The project had been virtually dormant with little trading activity over much of 2021 through to late 2023. In December 2023, the original developers planned to launch and NFT series needed support from the community to bring this vision to fruition. However, there was a disagreement regarding the exact manner this would be achieved. Consequently, the Dev sought to bring the project to an end. However, following intervention by a community member the project remains alive. The member who goes by the Twitter handle @jpeggler paid 35,000 USDC for the rights to the update authority and the socials.
Source: https://x.com/jpeggler/status/1738360006485962933
Soon thereafter, he made the project 100% community-owned and immutable, according to SOLSCAN. This move safeguarded the token’s future and maintained its integrity within the Solana ecosystem.
These actions led to heightened community, investor, and trader interest and coincided with a resurgence of interest in the Solana blockchain in December 2023. As a result, the coin moved from trading at $0.0076 on the first day of 2024 to a high of $0.3882 on 1st April 2024 representing more than 5,000% price growth.
Application/Utilities of POPCAT
Beyond being a meme coin, POPCAT has no other application or utility.
POPCAT Tokenomics
The token has a total supply of 979.97 Million which is all currently in circulation. There are also over 36,000 token holders.
POPCAT Token Statistics
- Token Symbol: POPCAT
- Total Supply: 979.97 Million
- Circulating Supply: 979.97 Million
- Market Capitalization: $423.11 Million
- Trading Price: $0.4317
- Cryptocurrency Rank: #159
*Data source: The data above is real-time data from CoinEx as of May 30, 2024.
Is POPCAT A Good Investment?
The intervention by community members to make a financial investment to make the project immutable and 100% community-owned makes POPCAT a worthwhile investment with lots of potential. The decision not only preserved the project but also revitalized the community's enthusiasm. This fact is evidenced by the substantial growth in social media engagement and participation in project activities following these developments. Furthermore, the move towards complete community ownership aligns with the decentralized ethos of the cryptocurrency world, potentially attracting more participants who value democratic, user-led projects.
This community-driven approach may well set POPCAT apart in a crowded market of meme coins, providing it with a unique edge that could lead to sustained interest and growth.
Where and How to Buy POPCAT Tokens?
CoinEx is a global cryptocurrency exchange, trusted by 5+ millions of users worldwide with 100% reserve. With 1000+ tokens supported, including POPCAT, users can now trade easily and seamlessly. POPCAT was listed on CoinEx on January 16, 2024, at an initial price of $0.02159, marking an impressive price change of +32.87% in the past 30 days.
To purchase POPCAT tokens on CoinEx, follow the steps below:
- Create an Account: Begin by signing up for a CoinEx account.
- Deposit Funds: Once you log in, deposit funds into your CoinEx account via any supported cryptocurrencies or deposit methods available on the exchange. With funds in your account, you can execute trades seamlessly.
- Navigate to POPCAT Trading Page: After funding your account, navigate to the dedicated POPCAT trading page on CoinEx. A search box will help you locate POPCAT trading pairs on the spot trading page. Simply enter the term "POPCAT" to find the associated trading pairs.
- Select a Trading Pair: Choose the trading pair POPCAT/USDT to trade POPCAT against USDT (Tether).
- Specify the Purchase Amount: The next step is to specify the number of POPCAT you want to buy. You can buy them at the current market price or set a limit for your preferred buying price on the trading page.
- Execute the Trade: Once you have specified the amount, proceed to execute the trade. Confirm the details, and if they are satisfactory, submit the order.
By following these steps, you can easily trade POPCAT tokens on CoinEx.
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