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Popcat Price Skyrockets 22%; Why Is The Solana Meme Coin Rising Today?

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Solana meme coin POPCAT price has again secured a prominent mark on crypto traders’ and investors’ radars, pumping 22% amid a major listing. Notably, as the crypto exchange giant Coinbase expanded trade offerings for the token, a bullish market sentiment bubbled in. As a response, the meme coin’s price has defied the current broader market’s volatile trend, trading dominantly in the green.

POPCAT Price Jumps Amid Coinbase Listings

The crypto exchange behemoth Coinbase has unveiled a stockpile of listings for the Solana meme coin recently. According to an X post on February 7, Coinbase has added the token to its spot listing roadmap. This measure remains poised to enhance the asset’s market exposure, paving a bullish path for future movements.

Moreover, the top crypto exchange has also revealed a perpetual contract launch for the meme Coin in another X post on February 6. As an upshot, traders and investors are bullishly eyeing POPCAT price, as it already soars whilst the enhanced offerings further provide heightened money inflow to the token’s ecosystem.

Cat-Themed Coin Defies Broader Crypto Market Trend

Meanwhile, it’s noteworthy that the crypto market took a severe hit this week in light of the Donald Trump tariff saga. Bitcoin and altcoins lost alarming amounts in the past seven days, with the flagship crypto even hitting a $95K low.

Nevertheless, POPCAT’s price has defied this broader waning action, trading dominantly in the green amid major listings. The meme coin also showcases strong on-chain metrics in the interim, fueling further market optimism.

POPCAT Price Shoots Up 22%

At the time of reporting, POPCAT price witnessed a remarkable 22% uptick and is currently sitting at $0.2730. The meme coin’s intraday low and high were $0.2056 and $0.2737, respectively. Notably, the current uptrend aligns with Coinbase’s listings.

Further, even the derivatives market saw renewed interest, signaling a positive market sentiment for the asset. Coinglass data revealed that the coin’s futures OI jumped 28% to $148.90 million. Moreover, the derivatives volume shot up by nearly 150% to $728.53 million. In turn, market watchers continue to bullishly eye the token’s future movements.

Also, renowned market expert TraderSZ took to X, sparking further optimism on the Solana meme coin with recent comments. According to the market expert, “POPCAT bouncing nicely, expecting the other SOL memes to do similar soon as long as BTC and sol behave.”

POPCAT PricePOPCAT Price
Source: TraderSZ

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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What Does Donald Trump’s ‘Reciprocal Tariffs’ Mean For The Crypto Market?

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56 minutes ago

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February 8, 2025

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US President Trump is set to impose ‘reciprocal tariffs’ next week on certain countries. This is significant considering the impact such a move could have on the crypto market, with a potential crash a possibility.

What Trump’s Reciprocal Tariffs Mean For The Crypto Market

According to a Bloomberg report, US President Donald Trump has revealed that he plans to unveil reciprocal tariffs next week in a move that could further escalate his trade war with the country’s allies.

The President has also suggested that he plans to implement a global tariff, which will especially target the European Union. These proposed moves from Trump have brought about economic uncertainty, which is negatively impacting the crypto market and could affect it further.

It is worth mentioning that the market crashed earlier this week amid Trump’s tariffs on Mexico, Canada, and China, with over $2 billion liquidated as Bitcoin, XRP, Dogecoin, Solana, and other major caps dropped. Although the market rebounded following an agreement between the US, Mexico, and China to pause these tariffs for one month, the proposed reciprocal tariffs have again sparked a bearish sentiment among traders.

The Bitcoin price continues to swing below and above $96,000, while the broader crypto market has also stagnated amid this economic uncertainty. Considering the current outlook in the market, prices could further crash as Trump announces these reciprocal tariffs next week.

Amid this development, the market continues to suffer millions of dollars in losses. Coinglass data shows that over $250 million has left the market in the last 24 hours, with both long and short traders taking a hit.

Whales Remain Bullish On The Market

Despite the crypto market still at risk of suffering a significant crash, crypto whales remain bullish and are using this downtrend as an opportunity to accumulate more coins.

In an X post, crypto analyst Ali Martinez revealed that these investors have withdrawn over 70,000 BTC from exchanges in the past week, signaling long-term confidence in the market.

As CoinGape reported, there is the possibility of the Bitcoin price dropping to $90,000. However, crypto experts remain bullish on the market and suggested that this was the perfect buying opportunity.

The Cardano founder Charles Hoskinson also recently asserted that 2025 is crypto’s year despite the recent crypto market crash. He alluded to how the market showed strength following the $2 billion liquidation event earlier this week.

Other Factors To Consider

Besides Donald Trump’s policies, there are certain factors which could impact the crypto market. One is the US Federal Reserve’s economic policies. At the moment, the Fed look to be hawskish and are tilting towards quantitative tightening rather than quantitative easing policies.

A positive for the market was the recent release of the US job data, which showed that growth in the US labor market is slowing. This is bullish for crypto as it could force the Fed to pivot.

However, the US Central Bank will need more than that to adopt a different stance, which is why the US CPI inflation data which will be released next week is one to keep an eye on. Signs of inflation cooling off is bullish and could convince the Fed about adopting a dovish stance towards the economic’s outlook.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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TRUMP Coin Whale Bets Another $1.6M Despite Massive Loss, What’s Happening?

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4 hours ago

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February 8, 2025

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A TRUMP coin whale has nabbed noteworthy attention among crypto market participants globally by bagging $1.6 million worth of tokens amid broader sector turmoil. On-chain data on Saturday revealed that the whale, previously recorded to have made considerable losses with the same token, has again entered the market amid the ongoing TRUMP price dip. In turn, traders and investors speculate whether the meme coin could pump or fall ahead, given broader trends highlight the chances of further volatility while the accumulation signals potential gains ahead.

TRUMP Coin Whale Bags Heavily Despite Previous Losses

According to the data offered by Lookonchain, as of February 8, a TRUMP coin whale spent 1.6 million USDC to buy 95,657 tokens. Although usual market sentiments convey optimism in light of whale accumulations, this trader’s previous maneuvers surrounding the meme coin remain bearish.

Data revealed that the trader (address- 3MF15CZwf) is known for buying at highs and selling at lows, and thus making losses. Over the past 6 days, this whale showcased a lose-incurring strategy, losing $835K. As a response, market watchers are unsure of the political meme coin’s future performance amid broader trends.

TRUMP Coin whale recordTRUMP Coin whale record
Source: Lookonchain, X

Crypto Market Volatility Puts Pressure On Prices

It’s worth pointing out that the TRUMP Coin whale may be trying to exhibit a buy-the-dip strategy, which has failed as he bought too early while the token’s price continued to drop. Mainly, this waning action is attributed to the broader crypto market trend as BTC and altcoins struggle to pump due to macroeconomic developments.

With Donald Trump announcing new tariffs on Canada, Mexico, and China earlier this week, markets took a hit. As a response, even the digital asset sector saw a bearish run.

Besides, despite a 30-day pause on the new tariffs, the market is yet to recover as investor uncertainty over future movements looms. With this factor weighing in, the crypto market continues to tackle market volatility, with even the political meme coin taking heat.

Official TRUMP Coin Price Slumps

At the time of reporting, TRUMP coin’s price fell nearly 4% and is currently trading at $16.96. Its intraday bottom and peak were $16.22 and $18.17, respectively. Further, the weekly price chart showcased a massive 28% crash in value. This plunging action falls in line with the broader market trend.

Nevertheless, market enthusiast MOON JEFF has recently taken to X, revealing that the meme coin is consolidating. Moreover, he goes on to add that, “A big pump is coming. Flying to $50 from here.” This statement may come true, given that the crypto market recovers ahead of time and the asset sees renewed market interest.

TRUMP Coin priceTRUMP Coin price
Source: MOON JEFF, X

Also, the TRUMP coin whale accumulation falls in line with this bullish projection. Nevertheless, the current meme coin market dynamics indicate that traders should be ready for short-term volatility, mimicking broader trends. Besides, a recent report on the TRUMP coin indicates that the crypto might also slip to $5 if the bears continue to dominate.

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Pepe Coin Price Risks Falling More As Nascent Dumps 175B PEPE, What’s Next?

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8 hours ago

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February 8, 2025

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Frog-themed meme crypto Pepe Coin’s price is facing alarming pressure amid the current volatile trend brewing in the broader cryptocurrency sector. It is now further intensified due to a massive whale selloff. On-chain data on Saturday revealed that an institution offloaded a whopping 175 billion tokens to Binance, bringing further selling pressure to the asset amid market turmoil. PEPE is currently down 35% weekly, and chances are that further loss of value may be witnessed ahead due to broader market trends.

Institution Dumps 175B Tokens Ringing Alarms For Pepe Coin’s Price

According to data by Lookonchain, as of February 8, Nanscent sold a staggering 175 billion PEPE worth $1.5 million by dumping it into Binance. Notably, this selloff marks the institution’s last dump for the token, as it has offloaded all its holdings for the same.

Intriguingly, Nanscent sacked a staggering 608.85 billion tokens between June 6 and July 15, 2024, for $7.73 million. Thereafter, the institution began selling on November 13 of last year, when Pepe Coin’s price rocketed.

However, it’s worth mentioning that the top meme coin sector’s dynamic nature caused the institution to miss the optimal selling point, resulting only in a profit of $348K. Nevertheless, as the renowned entity dumped all holdings for this token, market watchers remain cautious about future movements amid declining market interest.

Pepe Coin price risks amid massive dumpsPepe Coin price risks amid massive dumps
Source: Lookonchain, X

Macroeconomic Developments Bring Further Uncertainty

Meanwhile, it’s worth considering that the broader crypto market struggles primarily due to macroeconomic events. The market witnessed turmoil this week as Donald Trump announced new tariffs on Canada, Mexico, and China. However, despite Trump pausing the tariffs on Canada and Mexico for 30 days, the market has yet to recover.

Some traders and investors continue to eye a bearish run for the market in the next couple of months, given prices haven’t recovered and tariffs are to resume in 30 days. As a result, even Pepe Coin price is poised to tackle volatility, raising concerns among market participants further fueled by the massive dump mentioned above.

Can PEPE Price Withstand Pressure?

Usual market sentiments convey immense bearishness in light of such massive selloffs, given the rise in supply pressure and flagging a loss of confidence in the asset. Moreover, the broader market volatility has injected further negative sentiments among investors as prices trade sluggishly.

As of press time, Pepe Coin’s price lost nearly 1.5% and is resting at $0.000009046. The meme coin’s 24-hour low and high were $0.000008482 and $0.000009809, respectively. Further, the weekly chart for the asset illustrated a 35% crash. As mentioned above, this slumping action aligns with the broader trend and the massive selloff.

Coinglass data indicated the meme coin’s futures OI slipped 2.5% to $246.59 million, underlining the reducing market interest in the asset. Liquidation for the same totaled $3.72 million in the past 24 hours.

A recent PEPE price analysis by CoinGape further revealed that the key support is at $0.000006730. The token currently trades substantially above this level. Crypto market watchers continue to monitor the price action for further shifts, taking an uncertain stand on future movements amid riveting market dynamics due to broader trends.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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