Submission 552

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About

Popcat SOL, also known as $POPCAT, is a community-owned meme coin on the Solana blockchain, a cryptocurrency popular for decentralized applications and NFTs due to its ability to handle thousands of transactions at low fees. The coin is named after the meme Pop Cat, which features a video of a low-resolution cat opening and closing his mouth in a large O shape while making a popping sound. $POPCAT was introduced in 2022 before several POPCAT holders ousted the original developer for market manipulation in December 2023. Throughout 2024, POPCAT has overtaken several competing meme coins, including $BONK and $MEW, to be valued at $1.35 in late October 2024.

History

The original website for POPCAT on SOL was popcat.meme.^[1] However, the site was abandoned despite $POPCAT reaching a $50 million market cap by December 2022 due to an ownership quarrel between the coin's original developer and the community that held $POPCAT.

98% > Popcat OG website is being restored > Hold on, keep popping > My name is Murkey, the former web developer for Popcat. > The developer who deployed the Popcat token rugged it in the early days for $100K. > Then a CTO team formed around Popcat, and I created the website for the CTO team. > Meanwhile, I discovered that the old dev had multiple wallets where he still held Popcat tokens. > He dumped tokens on holders regularly. From a $300M market cap to now, I confirmed he was still manipulating. > Every time, he'd sell and then buy back at cheaper prices-'market manipulation at its finest.' > Once Popcat reached a $600M market cap, I knew he couldn't buy back at lower prices. > He sold all his tokens, and I waited to be sure he was completely out to protect investors. > Now, it's confirmed by experienced blockchain developers-he's fully out. This is the perfect time to restore the website. > I closed the website earlier because I had Popcat's best interest in mind, preventing further manipulation. > Let all the cats pop now. The Popcat website is coming back online within a week, fully restored with the original layout. > It attracted over 1 million visitors in 3 months. The cat still pops! Follow me on X - Murkey

Market Performance

According to Coinbase,^[5] the total supply of Popcat (SOL) tokens is 979,973,184.6 POPCAT, which is also the current circulating supply as of late October 2024. The high number of tokens in circulation purportedly ensures that the coin is easy to trade. As of October 23rd, 2024, its market cap is $1.3 billion. At its peak in mid-October 2024, the coin reached a valuation of $1.54.^[6]

Popcat (SOL) POPCAT #56 $1.36 ▲ 8304.23% (All) 62K Chart Markets News About Similar Coins Market cap $1.34B 0.87% Volume (24h) > $149.26M ▲ 30.52% FDV ① $1.34B Vol/Mkt Cap (24h) 11.17% Total supply Max. supply 979.97M POPCAT Circulating supply ① 979.97M POPCAT Price Market cap N +0 Мам 1D 7D 1M 1Y All NY LOG Мил 1.50 1.36 1.25 1.00 0.75 0.50 0.25 * 0.01972 Website Website Socials X ( CoinMarketCap Contracts 7GCihg... YmW2hr USD Jan '24 Feb '24 Mar '24 Apr '24 May '24 Jun '24 Jul '24 Aug '24 Sep '24 Oct '24 Explorers solscan.io Wallets UCID → SolFlare 28782 || Jan '24 Feb '24 Mar '24 Apr '24 May '24 Jun '24 Jul '24 Aug '24 Sep '24 Oct '24

Online Presence

The official X^[4] account for POPCAT on SOL was created in December 2023 after X^[2] user @jpeggler bought the token update rights from the coin's original developer for $35,000 in USDC.

jpeggler @jpeggler ... I have secured the update authority for $POPCAT. I paid the developer 35K USDC for the rights to the update authority and the socials. While I would have liked to not have to go this route, its the cleanest solution to allow the Popcat community to continue to thrive. Consider it my gift to an amazing community. $POPCAT is free! Now its time to be the first cat to $1B MC! POP POP POP @POPCATSOLANA 7:44 PM • Dec 22, 2023 · 470.9K Views

According to X user @jpeggler^[3] in a tweet from December 22nd, 2023, the original developer was keen on "rugging" the coin and releasing an NFT collection to raise 5,000 SOL for himself, under the threat of defacing the token's metadata.

jpeggler @jpeggler Gm, wanted to address a few things and clarify some stuff regarding $POPCAT. The old dev wanted to release an NFT collection to raise like 5000 sol for himself. He demanded that I/the community support the NFT mint or he would deface the token metadata. After the mint was live and on the old twitter. He started changing the metadata to say "support the NFT". I negotiated a deal for $35k USDC for the update authority for the token and the socials/website. There was a rumor I was admin on a scam server that was trying to sell the NFT. If I was I was added and given the role without me knowing. Here are the transactions of the two payments of $17500 USDC to two different 3rd partys helping with the exchange. I plan to make the token metadata immutable, but I need a bit more time to do that as the metadata still links to the old website which I'm still working on getting control of. The community can rest easy as it will be sorted very soon and be 100% immutable. solscan.io/tx/3CZVAV1ckSh... solscan.io/tx/58HYWC83Kzi... POP POP POP -Jpeggler @POPCATSOLANA • 10:35 AM Dec 23, 2023 76.3K Views

On October 12th, 2024, Popcat on SOL garnered significant attention after Vitalik Buterin, the creator of Ethereum (ETH), traded several of his meme coins for ETH, including Popcat and another coin inspired by Moo Deng, to net over $2.4 million in ETH. The X^[7] account @lookonchain tweeted about the trade on October 12th, gathering over 200,000 views in 11 days.

Lookonchain Lookonchain @lookonchain vitalik.eth(@VitalikButerin) sold some memecoins for 651.67 $ETH($1.61M) again 1 hour ago! In the past 12 hours, #vitalik got a total of 908.77 $ETH($2.24M) by selling memecoins received for free. Sold 10B $MOODENG for 395.96 $ETH($976K). Sold 200K $MSTR for 93.23 $ETH($231K). Sold 500M $EBULL for 73.79 $ETH($182K). Sold 15M $POPCAT for 27.11 $ETH($67K). Sold 20B $Milo for 20.75 $ETH($51K). Sold 11.06T $FWOG for 14 $ETH($35K). Sold 500K $TCATI for 12.81 $ETH($32K). Sold 20.35T $Fwog for 8.53 $ETH($21K). Sold 202M $VITALIK for 5.49 $ETH($14K). x.com/lookonchain/st... Trade 2 Assets ル CO > 08:28 AM N/A O +2.105 ETH $5,220.36 Application KyberSwap Trade 2 Assets ル CO > 08:22 AM $25,913.88 +15.474 ETH $38,335.34 Application KyberSwap Trade 2 Assets +57.703 ETH Application =4 CO > 08:20 AM $174,576.42 $142,905.26 KyberSwap Trade -1,700,000,000 MOOD... 14 MOO > 08:18 AM $142,043.92 +62.963 ETH $155,952.79 Application Ox Exchange Trade 2 Assets 2 CO > 08:17 AM $143,625.39 +37.628 ETH $93,190.30 Application KyberSwap Trade 2 Assets =4 CO > 08:16 AM $142,731.88 +65.366 ETH $161,873.48 Application KyberSwap Trade 2 Assets = CO > 08:14 AM $20,254.45 +9.994 ETH $24,745.68 Application KyberSwap Trade 2 Assets CO > 08:13 AM $149,123.91 +36.159 ETH $89,518.00 Application KyberSwap Trade 2 Assets CO > 08:11 AM $35,424.50 +14.002 ETH $34,671.16 Application KyberSwap Trade 2 Assets = CO > 08:10 AM $17,323.23 +8.525 ETH $21,134.12 Application KyberSwap Trade = CO 08:08 AM 2 Assets $138,069.40 > +61.732 ETH $153,068.80 Application KyberSwap Trade 14 MOO 08:06 AM -1,700,000,000 MOOD... $169,739.35 > +72.69 ETH $180,260.78 Application Ox Exchange 9:56 PM - Oct 12, 2024 224.1K Views

Pop Cat

Pop Cat refers to a series of videos that use two images of @XavierBFB's cat Oatmeal, one with its mouth closed, and the other photoshopped as if the cat is holding it wide open in the shape of an O. The images have been used to create videos in which the cat lip syncs various songs, similar to Baby Eats Camera memes.

On October 9th, 2020, Redditor Skettidragon, a friend of @XavierBFB, posted an edit based on the photographs to the /r/MEOW_IRL subreddit, where it gained over 120 upvotes in one month.

Search Interest

External References

^[1] POPCAT – Original Site

^[2] X – jpeggler

^[3] X – jpeggler

^[4] X – POPCATSOLANA

^[5] Coinbase Popcat SOL

^[6] Coin Market Cap – Popcat SOL

^[7] X – lookonchain

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Popcat SOL (Meme Coin)

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