Solana-Based Meme Coin Popcat Surges 30% Following Major Binance Listing

The Solana-based meme coin, Popcat, experienced a significant surge of over 30% after a major listing announcement from Binance. On August 22, Popcat reached a high of $0.58, marking a notable rise from previous levels.

This surge comes as the crypto market reacted to Binance Futures’ listing of a perpetual contract for POPCAT. The new contract allows traders to leverage up to 75x, enhancing trading options and the overall experience for investors. The POPCATUSDT perpetual contracts became available on Binance Futures at 13:00 UTC on August 22, 2024.

Whale Activity Boosts Popcat

The listing provided additional momentum for Popcat, which had risen from lows of $0.43. A significant factor in this surge was a whale’s withdrawal of over 39,800 SOL from Binance, which was then used to purchase POPCAT. This transaction involved 39,816 SOL tokens, valued at over $5.73 million, and resulted in the acquisition of 10 million POPCAT.

“The crazy buying of $POPCAT” involved 39,816 SOL tokens worth over $5.73 million.

Other Top Performers: SUN Token

In addition to Popcat, another top-performing token was Sun (SUN), associated with the TRON platform. SUN saw a substantial increase amid new meme coin hype on the SunPump launch platform. On August 21, the SunPump network surpassed Solana-based Pump.fun in daily revenue.

The SUN token experienced a 35% surge in 24 hours following Binance Futures’ listing of the SUNUSDT perpetual contract, which also offers up to 75x leverage. Other tokens that saw significant price gains due to Binance Futures listings include Brett, Voxel, and Synapse.

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