Popcat, the latest Solana-based memecoin sensation, has crowned itself as one of the best-performing cryptocurrencies in the market. The memecoin has stolen the spotlight following its 117% surge throughout Q3, outperforming other well-established tokens in the sector.<\/p>\n
The feline sensation has now consolidated as the first cat-themed memecoin to hit a $1 billion market capitalization, leading the market\u2019s bullish run alongside tokens like Sei (SEI) and Worldcoin (WLD).<\/p>\n
Memecoins became the leading sector during this cycle, with many tokens outperforming most altcoins over the last few months. At the front of the frenzy, dog-themed tokens like dogwifhat (WIF) stole the spotlight during Q1 and Q2. However, a feline rival is challenging its spot as Solana\u2019s best-performing memecoin<\/a>.<\/p>\n Investors and market watchers have praised the cat-themed sensation\u2019s performance over the past few months. Throughout Q3\u2019s violent market retraces, POPCAT showed a remarkable performance, becoming the largest gainer among the top 100 cryptocurrencies several times.<\/p>\n The memecoin\u2019s price quickly bounced<\/a> from its 55% pullbacks during the market crashes, recovering and surpassing its previous level each time. POPCAT\u2019s price has seen a 117% surge in the past three months, driving its price from the $0.68 mark to a new all-time high (ATH).<\/p>\n In the late hours of Tuesday, the cryptocurrency broke above the $0.97 resistance level set by its previous ATH. The memecoin continued its 21% jump towards the $1.08 level, its new ATH, before retracing to the $1.01-$1.02 price range.<\/p>\n The surge propelled<\/a> POPCAT\u2019s market capitalization to the $1 billion mark, cementing its status as the leading cat-themed token and making it the first memecoin in this sector to achieve it.<\/p>\n Following its remarkable rise, the token registers a 57.8% and 40.2% surge in the weekly and monthly timeframes. Its daily market activity also saw an 82% jump to a trading daily volume of $133.3 million in the last 24 hours.<\/p>\n Some crypto whales loaded their bags as POPCAT broke the $1 barrier. On Wednesday morning, on-chain data analytics firm Lookonchain revealed that a crypto investor recently repurchased<\/a> the cat-themed sensation, suggesting that some investors feel positive about the token\u2019s future performance.<\/p>\n Per the post, the whale spent 8,644 SOL, worth around $1.29 million, to buy 1.3 million POPCAT over the past two days. The address bought 456,000 tokens on Monday before acquiring another 843,000 POPCAT when the memecoin hit $1.<\/p>\nInvestors See Further Price Potential<\/h2>\n