Market Shift: $POPCAT Becomes 6th Biggest Meme Coin, Flipping $FLOKI

In a surprising twist, the cat-themed meme coin Popcat (POPCAT) has flipped FLOKI in market capitalization. Now, $POPCAT is the sixth largest altcoin across all chains. 

This shift reveals a remarkable rise in speculative interest. Over the last 30 days, $POPCAT surged by an impressive 120% as the general meme coin market bled.

A New Contender in the Meme Coin Arena

$POPCAT has shown exceptional performance since launching. This altcoin has outpaced popular competitors like dogwifhat (WIF), which ruled the market in the first half of 2024. 

In a recent X post, Joshua Kang, head of trading at Mozaik Capital, was confident that $POPCAT would maintain the bullish momentum and surpass FLOKI. And sure enough, $POPCAT did just that, barely 24 hours later!

During September's market rebound, $POPCAT led the way, reaching a new all-time high (ATH) ahead of other altcoins. This impressive traction signifies a strong desire among investors for fresh narratives. 

As the above post highlights, $POPCAT’s market cap stands at a remarkable $1.32 billion, just ahead of $FLOKI at $1.31 billion. Additionally, data from Coinglass shows that $POPCAT is also outperforming $FLOKI in trading volume and open interest (OI) rates. 

The Future of Memecoins

Analysts believe that the memecoin sector will thrive through 2025. This success is expected to be fueled by captivating narratives and supportive communities. 

As investors seek opportunities beyond traditional assets, the landscape may evolve unexpectedly. For now, $POPCAT takes center stage, challenging conventional norms. 

$POPCAT's remarkable performance highlights that under-the-radar altcoins can also rise to the occasion. For investors, this might be an opportune moment to invest in this promising altcoin—$POPCAT!