Popular Solana meme coin POPCAT has showcased a massive surge in the last 24 hours, hitting a $1 billion market cap.
Per the latest CoinMarketCap data, POPCAT has hit a major milestone of $1 billion market cap. The meme coin’s price went from a 24-hour low of $0.8737 to its current price of $1.07.
POPCAT surges 50% in seven days
In the last seven days, POPCAT showed signs it would hit a billion-dollar market cap when it surged to $0.97. However, the price quickly fell below the $0.9 level.
But POPCAT has shown great momentum, which currently makes it the third-largest Solana meme coin by market cap. According to CoinGecko data, dogwifhat (WIF) is the largest SOL meme coin by market cap. WIF has a market cap of $2 billion. Second on the list is BONK, with a $1.3 billion market cap.
POPCAT is now at its new all time high with the latest pump. Interestingly, the coin has surged over 27000% from its all time low of $0.00383 in January.
Other Solana meme coins pump
Alongside POPCAT, WIF has shown similar momentum with its 18% pump in the last 24 hours. In addition, BONK is up by 11%, MEW by 18.6%, BOOK OF MEME (BOME) is up by 11%.
Solana meme coins had a typical behavior of following Solana when it came to price pump. But this time they have defied that pattern and exhibited a much larger pump in comparison to SOL.
SOL is now up above the $150 level, surging over 5% in the last 24 hours. Solana is also up by over 16% in the last seven days.
CoinGecko data shows that the Solana meme market cap is now $7.89 billion. The market cap shows a double digit gain of 12.7% with a 24 hour trading volume of $2.15 billion.
While POPCAT and WIF are trending, another meme coin called MICHI is trending too for its price surge. However, the exact trajectory of these meme coins is uncertain. This is why investors should be extra cautious when investing or trading meme coins.
Source: https://www.cryptopolitan.com/solana-popcat-hits-the-1b-market-cap/