POPCAT Climbs as Kraken Introduces Spot Trading Support

The Popcat meme coin surged over 11% following Kraken’s announcement regarding its spot trading listing on September 19.
At the time of writing, the POPCAT price soared to a peak of $0.67.

The Solana meme coin, Popcat (POPCAT), experienced an uptick in trading after the cryptocurrency exchange Kraken disclosed its plans to introduce spot trading support.

This cat-themed meme token had previously spiked nearly 30% when Binance, the world’s largest crypto exchange, listed the POPCAT perpetual contract, achieving a double-digit increase as reported on September 12.

Following Kraken’s announcement set for September 19, 2024, the meme coin’s price jumped from $0.58 to a peak of $0.67. According to CoinGecko, the cryptocurrency had seen a 10% rise, currently hovering above $0.66.

Here’s a preview of 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

Currently, Popcat is listed on exchanges like Bybit, Gate.io, MEXC, Crypto.com, and Kucoin. Nevertheless, leading exchanges such as Binance and OKX have yet to include spot trading, having only listed POPCAT futures.

Hence, Kraken’s introduction of spot trading for the token marks a significant development. The coin’s price has reacted positively, as the community celebrates this milestone towards gaining more visibility.

SUNDOG and CAT among other rising meme coins

Despite its current price being significantly higher than the all-time low of $0.003 from January 5, 2024, POPCAT is still over 35% away from its all-time high of $0.99, recorded on July 21, 2024. The upward trajectory towards the $1 mark indicates a potential rebound for meme tokens, which could lead Popcat back to its peak.

Other meme coins that have shown positive momentum today include Sundog (SUNDOG) based on Tron and Simon’s CAT (CAT).

The former experienced a surge after a whale withdrew $2 million in TRX, using the funds to purchase SUNDOG. Meanwhile, Simon’s CAT, after recently conducting an airdrop to Floki holders, has risen after Bybit teased a potential listing.