The Solana-based meme coin, POPCAT, reached an all-time high with a market cap surpassing $1 billion. The price surge pushed its market cap to the 82nd spot among cryptocurrencies. Whales have shown interest in POPCAT, with one investor purchasing $1.3 million worth of the coin. The open interest and weighted funding rate have also increased, contributing to the coin's upward momentum. However, caution is advised as POPCAT approaches overbought levels, and a correction may be imminent. Failure to maintain support levels could lead to a decline, with the next support zone at $0.7482. This rise in POPCAT is part of a broader rally in cat-themed meme coins, including MEW, MOG, and MICHI.



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