Solana-Based Popcat Rallies 30% After Binance Listing
Solana-based meme coins have had an incredible run over the last year. Popcat (POPCAT) is currently one of the best-performing cryptocurrencies, rallying 31% in the last 24 hours and 23.6% over the last week. Source: CoinGecko The meme coin continues to glow red in the other time frames, falling 0.8% in the 14-day charts and 25.5% in the monthly charts. Also Read: Tron (TRX) To Hit $1, Here’s When Factors Driving Popcat’s Rally Source: 99Bitcoins Why is POPCAT Rallying? The Solana-based meme coin’s latest price surge could be due to Binance launching perpetual contracts for the token. Binance’s announcement was followed by KuCoin’s announcement of a POPCAT/USDT trading pair on its platform. Also Read: XRP: Ready to Rocket as Tether Bubble Bursts! According to the data from LookOnChain, a whale withdrew $5.73 million worth of Solana (SOL) from Binance and purchased 10 million POPCAT tokens following the exchange’s announcement. Crazy buying of $POPCAT! Afte...