Solana surged by 2% in the last 24 hours, a jump that coincided with the listing of POPCAT on Binance and KuCoin.
Solana surged by 2% in the last 24 hours, a jump that coincided with the listing of POPCAT on two exchanges.has struggled with a bearish trend for the past two weeks, having last broken through the $200 barrier about six months ago. At press time, it was trading at $145.
On the 22nd of August, Binance launched perpetual contracts for the Solana-based memecoin POPCAT, and KuCoin listed a POPCAT/USDT trading pair on its spot market.on its memecoins during periods of market volatility, could POPCAT be the next catalyst for Solana’s rise? AMBCrypto investigates.on X that following Binance’s announcement of POPCAT perpetual contracts, a whale withdrew 39,816 Solana, worth $5.73 million, from the CEX to buy 10 million POPCAT memecoins.
This activity may have influenced Solana’s price in a bullish direction. However, AMBCrypto explored whether this trend could sustain in the long run.Since its listing, POPCAT has surged significantly. On the daily timeframe, a strong upward swing has brought the meme token closer to its previous rejection level of $0.6607.
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