POPCAT (SOL) Price Jumps 31% After Binance Futures Debut, Reflecting Strong Investor Interest

POPCAT, a meme coin on the Solana blockchain, saw its price increase by 31% following its debut on Binance Futures.

POPCAT (SOL) price soared by 31% following its debut on Binance Futures. The meme coin saw a massive transaction where a whale withdrew 39,816 SOL (around $5.73 million) from Binance to purchase 10 million POPCAT tokens.

The POPCAT perpetual contracts, offering up to 75x leverage, became available for trading on August 22, 2024. The launch resulted in a 119.07% increase in trading volumes, reaching $135,154,008 within 24 hours and sparking interest among both retail and institutional investors.

POPCAT’s price movement and volume increase indicate its growing recognition in the market. The coin’s connection to the Solana ecosystem might be attracting investors who view it as having potential in the meme coin space.

Binance Adds POPCAT to Futures Trading Platform, Expanding Meme Coin Presence

Binance, the world’s largest cryptocurrency exchange, has added another meme coin to its futures trading platform, further cementing its presence in this market segment. Following the listing of SUN futures, a meme coin from the Tron blockchain, Binance has now added POPCAT to its roster of perpetual contracts.

These new perpetual contracts come with a leverage of up to 75x, making them particularly appealing to traders seeking high-risk, high-reward opportunities. The exchange’s decision to list meme coins is grabbing attention, especially with rumors circulating about Base Dawgz (DAWGZ) being next in line.

Rising Interest in Meme Coins: DAWGZ Presale Raises $3M

Binance’s continuous addition of meme coins has sparked speculation about which meme coin could be listed next. Interestingly, DAWGZ presale managed to raise nearly $3 million, grabbing attention for its share-to-earn and refer-to-earn features.

The massive interest in meme coins highlights their role as high-beta bets, especially for those looking to capitalize on the volatility of Layer-1 blockchain tokens. As more meme coins gain traction, their influence on the broader cryptocurrency market is likely to grow, creating new opportunities for traders and investors.

At the last check, POPCAT (SOL) price is at $0.5619, showing a 29.52% increase over the past 24 hours. The 24-hour trading volume has surged by 149.75% to $153,511,453. The fully diluted market cap is equal to the current market cap at $550,626,429.

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