The PopCat meme coin has risen by over 11% since Kraken announced its listing on spot trading on Sept. 19. The price of PopCat hit a record high of $0.67 and was trading higher at the time of writing.
Trading prices for Solana meme coin Popcat (POPCAT) rose after cryptocurrency exchange Kraken announced it was adding support for spot trading.
The cat-themed meme coin also surged nearly 30% after the world’s largest cryptocurrency exchange, Binance, listed the POPCAT perpetual contract, recording double-digit gains as of press time on Sept. 12.
The meme coin's price rose from $0.58 to a high of $0.67 after Kraken announced it would add Popcat on Sept. 19, 2024. As of writing, the cryptocurrency's price is up 10% and trading above $0.66, according to data from CoinGecko.
📅 Here's a sneak peek at next week's list*:
September 19th – 15:00 UTC $POPCAT $GFI $KUJI (regional expansion)
👀 Roadmap updated every Thursday⤵️https://t.co/hv1TlhIJJf
*Geographic restrictions may apply pic.twitter.com/Ppsfxynkg4
— Kraken Pro (@krakenpro) September 12, 2024
Popcat is currently listed on Bybit, Gate.io, MEXC, Crypto.com and Kucoin, however, while major exchanges Binance and OKX have listed POPCAT futures, they have yet to add spot trading.
Kraken’s support for spot trading is therefore a big move, with the token’s price rising as the community welcomed the new milestone in further publicity.
Rising meme coins such as SUNDOG and CAT
While the current price is well above the all-time low of $0.003 on January 5, 2024, POPCAT is down over 35% from its all-time high of $0.99 on July 21, 2024. The sudden rally to nearly $1 suggests that a rebound in the meme coin could see Popcat target this peak.
Other meme coins that saw upward momentum today include Tron-based Sundog (SUNDOG) and Simon's CAT (CAT).
The former surged after a whale withdrew $2 million worth of TRX and used the money to buy SUNDOG, while Simon's CAT, which recently completed an airdrop to Floki holders, rose after Bybit hinted at a listing.
