• POPCAT surges 22% after Coinbase listing, fueling strong investor interest.
• Solana co-founder sees memecoin craze evolving into blockchain-based “tech IPOs.”

After a significant downturn driven by the ongoing tariff war, the crypto market is showing signs of recovery, with the global market cap rising to $3.18 trillion—marking a 1.49% increase in the past day.

POPCAT steals the spotlight

While the broader market leans bullish, Solana [SOL]-based memecoin POPCAT has emerged as a standout performer, surging 22% following a major exchange listing.

At press time, POPCAT was trading at $0.3017, with a hike of 12.21% in the past 24 hours. It secured the second spot among trending cat-themed memecoins on CoinGecko.

This resulted in the cat-themed crypto sector surging to a $2.76 billion market cap, outpacing the dog-themed meme sector’s 5% rise. 

What might be the reason behind this surge?

This surge came in as Coinbase added POPCAT to its spot listing roadmap. This alone is typically enough to bring a token into the spotlight.

However, in the case of POPCAT, the exchange also announced the launch of a perpetual contract for the token, triggering heightened buying pressure.

Community reacts

Remarking on th

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Author: Ishika Kumari