The price of Popcat (POPCAT) meme coin has surged by nearly 20% in the past 24 hours despite the overall drop that assets in this category are experiencing.<\/p>\n
This counterintuitive move is being accompanied by a 54.3% jump in trading volumes<\/strong> during this same period that resulted in a quarter of POPCAT\u2019s market cap exchanging hands on short notice.<\/p>\n Other tokens like Dogecoin (DOGE) and Pepe (PEPE) are facing drops of 2.3% and 0.7% during this same period, while meme coins as a whole are down 3% in the past 24 hours, according to data from CoinMarketCap.<\/p>\n Despite this jump, Popcat (POPCAT) still accumulates a 24.5% retreat in the past 7 days while its performance this year is among the worst among the top 20 largest meme coins<\/a> as its annual losses currently stand at 65%.<\/p>\n POPCAT is also currently trading 87.4% below its all-time high of $2.07<\/strong> on November 17, 2024.<\/p>\n The launch of perpetual futures for POPCAT on Coinbase may have been responsible for the huge uptick that the token is experiencing. Starting on February 13, all users who have access to futures on this large US-based trading platform can speculate with the token based on their short-term price predictions.<\/p>\n Coinbase Advanced is adding support for $PENGU<\/a>, $POPCAT<\/a>, and $HNT<\/a> perpetual futures. <\/p>\n The opening of PENGU-PERP, POPCAT-PERP, and HNT-PERP markets will begin on or after 9:30 am UTC 13 FEB 2025. pic.twitter.com\/5EAEf3kUmk<\/a><\/p>\n \u2014 Coinbase Traders (@coinbasetraders) February 6, 2025<\/a><\/p><\/blockquote>\nCoinbase Launches Perpetual Futures for POPCAT<\/span><\/h2>\n
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