Popcat (SOL)

What is Popcat(SOL)/ POPCAT?

Popcat is a meme coin, a trend in the industry, built on the Solana blockchain with its native currency POPCAT coin. It is named after its unique currency of the domestic short-haired cat called “Oatmeal” which first went viral via the Popcat phenomenon, which began in October 2020 during the pandemic.

The meme is a funny variation of an image of Oatmeal, in which one shows it with its mouth closed, and the other, bravely taking things to a comical extreme, it opens its mouth in an "O" shape.

The simple idea of the internet's laughter was developed in the game known as "POPCAT.click" which was the pastime of internet users to click on the cat image and make their mouths pop open, the game ended up being a competition on the scoreboard between players from other countries.

While it was first recognized as one of the most viral memes globally, Popcat soon found its way into the cryptocurrency sector, where it became the Popcat (POPCAT) meme token on the Solana blockchain.

The crypto sector has become energetic and too spread use of viral events is described as Popcat imitating the viral nature of the internet, particularly with communities around it, unlike tokens that are meant to have a certain value which is determined by their utility, in this example it is the extent of the speculation and the community around it that defines the value of the token. The fact that Popcat transitioned from a meme to a game to cryptocurrency is a demonstration of how internet communication and social networks can advance the digital economy.

Now, as a meme, game as well as meme coin, Popcat is seen as how a single cultural entity acted as a wellspring of entertainment in the different forms of the blending of internet humor with new technologies.

Popcat(SOL)/ POPCAT Tokenomics Explained 

Popcat token's potential can be fully explored by investigating tokenomics, notably the aggregated token supply and distribution strategy.

What is POPCAT Total Supply and its ALL-Time High?

Poppet has a total of 979,974,293 $POPCAT tokens at its disposal.. A lower token supply can spike the price if demand is high, whereas a bigger supply might cause the price to decrease if the amount of available tokens does not match the level of demand.

As of 2024, the POPCAT coin achieved an all-time high of $2.05 on November 17, 2024, from its all-time low of $0.003797, recorded just 11 months earlier on January 5, 2024.

Token Allocation

The next thing to look at is the token allocation percentage. For Popcat, 93.1% of the token supply is being directed to the liquidity pool so that enough tokens will be available for investors during trading. The remaining 6.9% goes into the multi-sig wallet for emergency use like exchange listings, or injecting more tokens into the pool for liquidity which can also be the case. This token allocation plan assists in liquidity, thus creating favorable conditions for both buying and selling. The multi-sig wallet stock is also reassuring that there are innovations planned hence any changes in the value of the token.

Where To Buy Popcat(SOL)/ POPCAT

In the year 2024, Popcat (POPC) will be supported by more than 30 different exchange platforms, along with Bitfinex being the main one on which the majority of token trading is held.

Komodo Wallet is the only decentralized exchange (DEX) that offers Popcat, while almost all the other exchange platforms are centralized exchanges (CEX), namely Cryptology, Binance, Bitfinex, Phemex, and FMFW.io. Hence, no CEX platform can support Popcat.

The platforms that can be accessed in the US markets are Bitfinex, CEX.IO, Coinzoom, Kraken, and Gemini.

Some obvious pairs of Popcat among the traders are:

• POPC/USDT

• POPC/USD

• POPC/BTC

• POPC/EUR

• POPC/USDC

How to buy Popcat(SOL)/ POPCAT coin?

The first step to acquiring Popcat is setting up a Solana-compatible wallet. Options include: a diverse portfolio of these which can hold and facilitate the purchase and or transfer of Solana (the native token of the Solana blockchain) to make a trade. You can pick the Solana wallet that suits your needs provided it Is a token-compatible storage facility that is secure for the diversification of your assets.

Following the creation of your wallet, you can deposit SOL in your account either by purchasing it right inside the wallet or by transferring the coins from another wallet or exchange to one of the addresses in the account.

Trading Process on Solana DEX

Creating a wallet and getting SOL currency, you can then go to the Solana Decentralized Exchange (DEX), and trade Popcat. Follow these steps:

• Push your wallet to the Solana DEX.

• Have enough SOL that can be used to pay the trading transaction fees and the transaction fees plus what you want to purchase as Popcat.

• Look for the Popcat token via the search function.

• Indicate the amount of Popcat you intend to buy and then proceed to verify the transaction information.

• Permit and approve the transaction in your wallet.

• As soon as the approval transaction is over, the Popcat tokens will be sent to your wallet.

It is important to emphasize that , investing in any cryptocurrency is a risky undertaking, it is prudent to note that the same rule applies to Solana. Research the investment first and before you act, evaluate your financial condition thoroughly. The unforeseeable market in meme coins is followed by their price going up or down rapidly.