With Shiba Inu and Doge introducing dogs to our memecoin space, it was only a matter of time before a cat introduced itself to the memespace.
$POPCAT is a fresh coin inspired by the hilarious meme of a cat with a comically wide-open mouth, quickly becoming a rising star in the world of meme coins! Although we think…
Popcat is a memecoin based on the internet meme that first appeared in October 2020, where a domestic short-haired cat named ‘Oatmeal’ showcases two distinct states. One with the cat’s mouth closed, and in the other, the mouth is humorously edited into an exaggerated ‘ö’ shape.
The meme really took off when people started using it in music videos on Instagram, syncing the gif to the beat so it looked like Oatmeal was singing along. It was an instant hit!
But the real game-changer came in December 2020, when three students from the University of Sheffield launched ppcat.click – a game where users click on Oatmeal’s image to make his mouth open and close, earning points for their country on a global leaderboard.
Since then, Popcat has been popping up all over the place – from Roblox games to knock-off versions in Thailand and Malaysia. It’s an entertaining and interactive meme that has captured the hearts of people all around the world.
At the heart of the Popcat ecosystem is the “Pop the Cat” game.
Playing Pop the Cat could not be easier! Simply visit the game’s webpage and start clicking or tapping away at the cat’s mouth. Whether you are on a desktop computer or a mobile device, you can join in the fun with just one finger. Even your keyboard can get in on the action – just press any key to make the cat’s mouth pop!
Players do not earn $POPCAT tokens by participating in the game 😿.
This review of Popcat (POPCAT) was created for informational purposes. This article is not intended for promotion.
Fast forward to the present, and the Popcat meme has evolved from a fun online trend into a full-fledged meme token on the Solana blockchain. An incredible journey that underscores the power of cats in crypto meme culture. As all good dog memecoins make it into crypto, the following is similar to that of Popcat memes. Such as…
Popcat is 100% community-owned. This means that there are no single owners or stakeholders; instead, the project is maintained and developed through collective community effort.
Popcat took off like a rocket, hitting a $50 million market cap by Christmas 2022. But with great success came some drama. The original developer tried to cash in by selling 3,000 NFTs at 1.5 SOL a pop, which did not sit well with the community who saw it as a move against decentralization.
To smooth things over, the community banded together and bought the token update authority from the developer for $35K in USDC, taking back control of the project’s direction.
Despite resolving the conflict, Popcat’s price still took a hit as the broader memecoin market went from ‘cat to bear’ phase.
But the Popcat community was not about to let a little market downturn get them down. Moderators, content creators, and dedicated members worked tirelessly to keep the project’s spirit alive during the tough times.
And this paid off! Popcat made a mind-blowing comeback, with $POPCAT surging 3600% over the course of a year. A recovery was fueled by renewed interest in the Popcat meme, a resurgence of the cat coin trend on Solana.
The total supply of $POPCAT is just under 980 million tokens, with a whopping 93.1% of that locked up in a liquidity pool and then burned.
The remaining 6.9% of tokens are stashed in a multi-sig wallet, acting as a strategic reserve to support the project’s growth, such as collaborations, listings and such.
For those interested in the technical aspects or considering interacting with the Popcat token directly through blockchain transactions, the contract address is 7GCihgDB8fe6KNjn2MYtkzZcRjQy3t9GHdC8uHYmW2hr.
Popcat is an SPL token on the Solana blockchain, and does not have Ethereum’s ERC-20 standard.
Popcat operates with a ‘0/0 Tax’ structure, meaning it does not impose any taxes on transactions. The liquidity pool associated with Popcat has been burnt, which is a process that permanently removes tokens from circulation to reduce supply and potentially increase the token’s value.
Popcat introduces a deflationary tactic where 1% of tokens are burned with every transaction. This also reduces the total supply of tokens, potentially increasing their value as they become scarcer.
Primarily, Popcat functions as a meme coin, which means you are gambling. The value of Popcat is driven by the community and new entrants with speculative interest rather than intrinsic utility.
Popcat has a use case that is limited, with more promises incoming it results that the volatility is high. For example, in October 2024, the token’s price surged over 35% in a single week, reaching an all-time high of $1.26. This makes predicting its price movements highly uncertain and solidifies the gamblers approach.
On the other side, Popcat is not the only cat meme and it competes with numerous other cat meme coins and potential knock-offs, which could create some competition in the memespace.
Finally some could ask; Is there an official affiliation with the original Popcat meme? Well, there is no formal connection between the Popcat memecoin and the original Popcat meme game, which raises questions about the ‘value’ we as investors look at.
Popcat has introduced a new era to the internet meme culture by introducing a cat memed token. With a notable history of volatility, including an all-time high followed by a round trip drops, Popcat could showcase survivability in this space. Popcat showcases both the opportunities and risks of meme-based cryptocurrencies. After all, in the unpredictable world of memecoins, anything is paw-sible! 🐾
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