The Solana-based meme coin Popcat exploded by greater than 30%, main the top-performing cash after a significant itemizing announcement from Binance.
Cat-themed meme coin Popcat (POPCAT), surged to highs of $0.58 on Aug. 22. The positive factors for this Solana (SOL) meme coin got here because the crypto market reacted to Binance Futures’ itemizing of a perpetual contract for POPCAT. The perps enable merchants as much as 75x leverage, in keeping with the alternate’s announcement.
Binance acknowledged that the itemizing of the USD-Margined Popcat perpetual contract expands buying and selling choices on Binance Futures. The transfer additionally enhances the general buying and selling expertise for crypto traders, with POPCATUSDT perps going stay on the platform at 13:00 UTC on August 22, 2024.
Whale withdraws SOL to purchase POPCAT
The itemizing seems to have supplied further buoyancy for the Solana meme coin, which surged from lows of $0.43. Notably, the positive factors adopted a whale’s withdrawal of greater than 39,800 SOL from Binance, which was then used to purchase POPCAT.
In line with Lookonchain, the “loopy shopping for of $POPCAT” concerned 39,816 SOL tokens price over $5.73 million. The whale withdrew the funds and used them to buy 10 million POPCAT.
SUN token additionally surges on Binance itemizing
Along with Popcat, the top-performing token among the many largest 500 cryptocurrencies by market cap on the time of writing was Solar (SUN). The TRON (TRX) platform token soared amid main strikes for TRX, pushed by new meme coin hype on the launch platform SunPump.
The SunPump community surpassed Solana-based Pump.enjoyable in each day income on Aug. 21. TRON income additionally hit an all-time excessive as founder Justin Solar aggressively touted SunPump’s potential.
Notably, SUN token’s 35% surge in 24 hours additionally adopted Binance Futures’ itemizing of the SUNUSDT perpetual contract with as much as 75x leverage. Different tokens that witnessed vital worth positive factors following Binance Futures listings embrace Brett, Voxel and Synapse.
