In an exhilarating development for the crypto community, Kraken has announced the listing of the Solana-based meme coin, POPCAT, for spot trading starting on September 19th, 2024, at 15:00 UTC. This announcement follows the growing popularity of meme coins, and POPCAT’s impressive performance is no exception. Kraken’s decision to add the token to its platform is expected to boost both its visibility and trading volume.
What is POPCAT?
POPCAT is a meme coin built on the Solana blockchain, which has quickly gained traction among traders and meme coin enthusiasts. Initially starting as a community-driven token inspired by internet meme culture, POPCAT has evolved into one of the top-performing meme coins within the Solana ecosystem.
Since its debut, the coin has seen major milestones, with notable listings on major exchanges such as Bybit, Gate.io, MEXC, and Crypto.com. Most recently, Binance listed POPCAT for futures trading, resulting in a substantial price surge.
Price Surge and Market Sentiment
The anticipation of Kraken’s spot listing has already driven the price of POPCAT upwards. The coin has surged by over 5% in the past 24 hours, reaching a price of $0.67
What to Expect from Kraken’s Listing?
With Kraken’s spot trading support, POPCAT is expected to continue its upward trajectory. The listing provides traders with more options and flexibility for managing their holdings, making the token accessible to a broader audience. Kraken’s platform is known for its secure and user-friendly interface, which is expected to further facilitate the adoption of POPCAT.
The listing is part of Kraken’s broader effort to expand its offerings, as it continues to add support for promising projects in the meme coin space. According to analysts, POPCAT could reach $0.90 by the end of 2024, and further long-term price targets suggest the possibility of significant gains as meme coins evolve
Conclusion
The September 19th, 2024, listing on Kraken marks a pivotal moment for POPCAT. As the coin gains more exposure, it has the potential to become a household name in the meme coin market, particularly for those involved in the Solana ecosystem. Whether you’re a seasoned crypto trader or someone looking to get involved in the next big meme coin, POPCAT is a token to watch closely as it hits Kraken’s spot trading platform.
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