- Popcat meme coin rose more than 11% after Kraken announced on September 19 that it would list the token for spot trading.
- POPCAT reached a high of $0.67 and was trading higher at the time of writing.
Solana meme coin Popcat (POPCAT) climbed after crypto exchange Kraken announced support for spot trading. The cat-themed meme token, which earlier jumped nearly 30% when major exchange Binance listed a perpetual contract for POPCAT, was trading with double-digit gains at the time this article was written on September 12.
Following Kraken’s announcement that it would add Popcat on September 19, 2024, the meme coin’s price rose from $0.58 to a high of $0.67. CoinGecko data showed the token gained roughly 10%, trading above $0.66 at the time of reporting.
📅 A sneak peek at next week’s listings*:
Sep 19th – 15:00 PM UTC$POPCAT$GFI$KUJI (geo expansion)
👀 Roadmap updates every Thursday ⤵️https://t.co/hv1TlhIJJf
*Geographic may restrictions apply pic.twitter.com/Ppsfxynkg4
— Kraken Pro (@krakenpro) September 12, 2024
Popcat is currently listed on exchanges including Bybit, Gate.io, MEXC, Crypto.com and KuCoin. Top exchanges Binance and OKX have not yet added spot trading for POPCAT despite listing futures contracts.
Kraken’s decision to support spot trading represents a major step for the token. The announcement pushed the price upward as the community cheered another milestone toward broader visibility and liquidity.
SUNDOG and CAT among other rising meme tokens
Although current prices remain well above the January 5, 2024 low of $0.003, POPCAT is still more than 35% below its all-time high of $0.99 reached on July 21, 2024.
The recent move toward the $1 level suggests meme token momentum is returning, and Popcat appears to be aiming for that peak. Other meme tokens showing upward momentum today include Sundog (SUNDOG) and Simon’s CAT (CAT).
SUNDOG jumped after a whale moved $2 million worth of TRX and used the proceeds to buy SUNDOG. Simon’s CAT, which recently completed an airdrop to Floki holders, rose after hints from Bybit about a potential listing.