- The Popcat meme coin rose over 11% as Kraken announced listing for spot trading on Sept. 19
- The POPCAT price reached a high of $0.67 and was trading higher at the time of writing
Solana meme coin Popcat (POPCAT) traded higher after crypto exchange Kraken announced it would add spot trading support.
The cat-themed meme coin, which skyrocketed nearly 30% after crypto exchange Binance listed the POPCAT perpetual contract, had notched a double-digit gain at the time of writing on September 12.
After Kraken announced it was adding Popcat on September 19, 2024, the price of the meme coin rose from $0.58 to a high of $0.67. CoinGecko data showed the cryptocurrency’s price was up 10%, hovering above $0.66 at the time of writing.
📅 A sneak peek at next week’s listings*:
Sep 19th – 15:00 PM UTC$POPCAT$GFI$KUJI (geo expansion)
👀 Roadmap updates every Thursday ⤵️https://t.co/hv1TlhIJJf
*Geographic may restrictions apply pic.twitter.com/Ppsfxynkg4
— Kraken Pro (@krakenpro) September 12, 2024
Popcat is currently listed on Bybit, Gate.io, MEXC, Crypto.com, and Kucoin. However, top exchanges Binance and OKX are yet to add spot trading having listed POPCAT futures.
Kraken’s spot trading support is therefore one of the big moves. The token’s price responded upwards as the community cheers another milestone in the quest for more visibility.
SUNDOG and CAT among other surging meme coins
While the current price is well above the all-time low of $0.003 reached on January 5, 2024, POPCAT remains more than 35% from its all-time high of $0.99 reached on July 21, 2024. The surge to near the $1 level suggests a rebound for meme coins could see Popcat target this peak.
Some other meme coins that saw upside momentum today include Tron-based Sundog (SUNDOG) and Simon’s CAT (CAT).
The former spiked after a whale withdrew $2 million worth of TRX and used the money to buy SUNDOG. Simon’s CAT, which recently completed its airdrop to Floki holders, rose after Bybit hinted at listing it.