--- title: "POPCAT’s big break: How a Coinbase listing fueled the Solana memecoin’s surge" description: "POPCAT, a Solana-based memecoin, surged 22% following its listing on Coinbase, attracting significant investor interest. The crypto market is recovering, with a global market cap of $3.18 trillion. PO" type: "news" locale: "en" url: "https://longbridge.com/en/news/227662506.md" published_at: "2025-02-09T22:03:15.000Z" --- # POPCAT’s big break: How a Coinbase listing fueled the Solana memecoin’s surge > POPCAT, a Solana-based memecoin, surged 22% following its listing on Coinbase, attracting significant investor interest. The crypto market is recovering, with a global market cap of $3.18 trillion. POPCAT's trading price reached $0.3017, making it the second most popular cat-themed memecoin. The surge was fueled by Coinbase's announcement of a perpetual contract for POPCAT, leading to increased buying pressure. Industry experts, including Solana co-founder Raj Gokal, suggest that the memecoin trend may evolve into blockchain-based "tech IPOs." - *POPCAT surges 22% after Coinbase listing, fueling strong investor interest.* - *Solana co-founder sees memecoin craze evolving into blockchain-based “tech IPOs.”* After a significant downturn driven by the ongoing tariff war, the crypto market is showing signs of recovery, with the global market cap rising to $3.18 trillion—marking a 1.49% increase in the past day. ## POPCAT steals the spotlight While the broader market leans bullish, Solana \[SOL\]-based memecoin POPCAT has emerged as a standout performer, surging 22% following a major exchange listing. At press time, POPCAT was trading at $0.3017, with a hike of 12.21% in the past 24 hours. It secured the second spot among trending cat-themed memecoins on CoinGecko. This resulted in the cat-themed crypto sector surging to a $2.76 billion market cap, outpacing the dog-themed meme sector’s 5% rise. ## What might be the reason behind this surge? This surge came in as Coinbase added POPCAT to its spot listing roadmap. This alone is typically enough to bring a token into the spotlight. However, in the case of POPCAT, the exchange also announced the launch of a perpetual contract for the token, triggering heightened buying pressure. ## Community reacts Remarking on the same, ‘The Solana Post’ took to X (formerly Twitter) and noted, > “ $POPCAT (@POPCATSOLANA) returns as the 9th top Solana memecoin according to market cap.” Another X useradded, Source: Shah/X ## What do the metrics say? Both spot and derivatives markets signal strong investor confidence. According to Coinglass data, POPCAT’s Futures Open Interest \[OI\] spiked by 12.07% to $161.26 million at press time, while derivatives trading volume skyrocketed nearly 37.59% to $952.10 million. ## What lies ahead for Solana’s memecoin? As expected, the ongoing Solana memecoin frenzy has sparked discussions among top industry figures. Solana co-founder Raj Gokal and leading crypto analysts predicts a transformative shift in the space. They believe that the current memecoin craze is not just a passing trend but a precursor to a larger evolution—one that could pave the way for blockchain-based projects to mature into full-fledged “tech IPOs.” ### Related Stocks - [COIN.US - Coinbase](https://longbridge.com/en/quote/COIN.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 05:26 ETKuCoin EU Expands Local Compliance and Governance Team in Austria | KuCoin EU Exchange GmbH has expanded its local compliance and governance team in Austria to enhance its commitment to re | [Link](https://longbridge.com/en/news/276432560.md) | | 04:52 ETBybit EU Expands Access to USDC and EURC Through New Stablecoin Campaigns in Europe | Bybit EU has launched new stablecoin campaigns featuring USDC and EURC to promote responsible digital asset usage in Eur | [Link](https://longbridge.com/en/news/276319961.md) | | Steak 'n Shake credits Bitcoin strategy as driver of sales growth | Steak 'n Shake's Bitcoin experiment has evolved into a sales driver and a balance sheet strategy. | [Link](https://longbridge.com/en/news/276114408.md) | | "We will see you in court": US commission fights states on prediction markets | The Commodity Futures Trading Commission (CFTC) is initiating a legal battle to assert its authority over prediction mar | [Link](https://longbridge.com/en/news/276146825.md) | | Top 12 Telegram games to play in February 2026 | Telegram has evolved into a significant platform for gaming, boasting 1 billion active users. The top 12 games for Febru | [Link](https://longbridge.com/en/news/276333861.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.