Solana’s POPCAT Hits Key $1 Mark Amid 360% Surge: Correction Risks Loom

Solana’s POPCAT Hits Key $1 Mark Amid 360% Surge: Correction Risks Loom

Solana-based memecoin POPCAT has seen significant interest from mainstream traders, achieving a remarkable 117% growth in the past two weeks and a 360% increase in the last 30 days.
POPCAT’s social dominance and trading volume have surged, with historical patterns indicating a likely correction due to the asset becoming overbought.
Solana-based memecoin POPCAT has garnered strong interest recently from some of the mainstream traders as the altcoin has registered a staggering 117% growth in the past two weeks. Market intelligence platform Santiment has also posted about Solana memecoin POPCAT’s growth in its recent analysis. The update emphasized that the POPCAT price has more than doubled since July 11.
POPCAT traded at $0.3519 earlier this month but surged past the $1 threshold over the weekend. From last month’s low of $0.2173, the Solana meme coin has advanced by 360% in just 30 days.
However, the intelligence platform observed that sudden spikes in interest and value often pr

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