POPCAT Roars to the Top: Memecoin Sees Explosive Gains Amid Whale Accumulation and Rising Liquidity

In a market where attention frequently shifts from one trending asset to another, POPCAT has emerged as the standout performer among the top 20 memecoins by market cap in the past 24 hours.

With substantial whale interest, climbing trading volumes, and a spate of short liquidations, POPCAT is quickly moving up the ranks of the memecoin food chain. This Solana-based kitty may be proving that it has more than just meme appeal driving its sudden resurgence.

🚨 $POPCAT (@POPCATSOLANA) records the biggest gains among the top 20 memecoins by market cap over the last 24 hours. pic.twitter.com/zKSBiQ4u53

— The Solana Post (@thesolanapost) April 22, 2025

Even though the memecoin environment is already saturated and mostly ruled by big names such as Dogecoin, Shiba Inu, and PEPE, POPCAT is still clawing out its own little niche. The past month has been one of steady accumulation by larger holders, and that seems to have set the stage for this recent spike. In the last 24 hours, POPCAT’s market cap jumped 16%, according to on-chain data and reports from exchanges, reaching $291 million. Over the same period, daily trading volume surged.

It’s up 49%, and it now stands at $124 million.

🚨 $POPCAT Volume Alert 🚨$POPCAT is clawing its way up — volume up 49% to 124M$, while market cap jumps 16% to 291M$.

Solid 42% volume-to-market-cap ratio, showing strong liquidity and interest. Big volume flows seen on Bybit and MEXC. Looks like this cat’s got moves! 🐱💥 pic.twitter.com/MIOaplolvu

— MemecoinWire (@memecoinwire) April 22, 2025

Strong Fundamentals Behind the Meme Mask

What makes it noteworthy is not just the meme momentum but also the underlying data that supports its move. The token currently sports a 42% volume-to-market-cap ratio, a strong indicator of robust liquidity and real-time market interest. In simple terms, this looks like a meme that is being actively traded at a rate that reflects genuine demand rather than speculative bursts or artificially inflated hype.

This sort of liquidity is frequently absent during memecoin price surges, when thin order books can result in exaggerated price movements from minimal investment. POPCAT’s presence and performance across major crypto exchanges like Bybit and MEXC tell a much different story, though. The presumed value of this apparent memecoin seems to be founded on actual volume and liquidity that behaviorally mimics that of an entrenched altcoin.

The rally is also being fueled by events in the derivatives market that are causing a number of traders to liquidate their positions. In just the last 24 hours, POPCAT has triggered up to $1.4 million in liquidations for traders who were betting against the rally, causing those traders to buy back the assets they certifiably thought were going to tank.

$1.4M in short liquidations on $POPCAT.

You’re out here shorting the only cat meme listed on both Coinbase and Robinhood… at the absolute bottom down 90% from ATH.

Anyways, just keep shorting it pls :) https://t.co/H77vBEfXaZ pic.twitter.com/w083BgXduj

— Aegon (@diapsalmata_0x) April 22, 2025

This surge has a background that was well-established in advance. For the previous month, whale wallets—large holders often regarded as more strategic and long-term investors—have been quietly accumulating POPCAT. These addresses have been buying on dips and have built a substantial position ahead of the recent breakout. Whale accumulation often serves as a bullish signal, especially in lower-cap assets, as it reflects a more broad-based confidence in the upside potential of something.

Memecoins Evolve, and POPCAT Leads the Charge

Although POPCAT’s rise might seem abrupt, it reflects a more general progression in the memecoin sector. The best-performing memecoins today are no longer just internet gags or community-driven schemes for inflating a token’s price. They’ve transcended the realm of barely contained laughter. They’ve become something much more serious—almost too serious for comfort.

POPCAT has a meme-laden brand connected to the internet cat famous for its wide-mouthed “pop” expression, which it has used to capture the essence of the viral meme aesthetic. But it is also an exchange, not just a viral moment. And what matters more than aesthetics is that POPCAT has presence, volume, and tight spreads. That is worth noting—no matter how weird it is.

This run’s timing is also significant. Solana seems to be establishing itself as a favored chain for transactions that are both low-cost and high-speed, and many new memecoins are launching in the Solana ecosystem. By going with Solana instead of Ethereum, then, is POPCAT trying to make the most of Solana’s narrower base of established tokens, to attract Solana’s high-speed, low-cost investors? If it’s not a narrative element of the memecoin, it’s certainly a savvy move by POPCAT.

At the moment, POPCAT seems to have the trifecta that you rarely see in the world of meme-based tokens: momentum, liquidity, and support from big-time investors. Whether this cat keeps climbing or runs out of gas remains to be seen. But in a crypto world where stories move at the speed of light and investment dollars move even faster, POPCAT is definitely on the radar and looks like it might have more than just a cute face to keep going.

To see whether POPCAT can change from short-term excitement to long-term reliability is something that both investors and those following the trend in meme cryptocurrencies are going to pay attention to closely. They will watch to see whether the wild world of crypto can turn even a meme into a real movement.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.