Popcat (POPCAT), one of the top-performing meme coins on the Solana network, is back in the spotlight following a sharp rebound that has caught the attention of retail traders and whales alike. After experiencing a recent dip, the token has staged an impressive rally, surging nearly 100% from its monthly low to reach $0.25, its highest price since March 25.
Dip Buying Fuels Rally in Solana Meme Coin Sector
The latest surge in POPCAT comes amid renewed interest in Solana-based meme coins, as investors scoop up assets at discounted levels. Other meme tokens like Fartcoin (FARTCOIN), Goatseus Maximus, Fartboy, and Vine have also seen increased activity during this recovery.
As speculative demand grows, Nansen data reveals a significant shift in investor behavior: exchange reserves for Popcat have fallen by nearly 10% in the last seven days. The total supply held on exchanges now stands at 239.5 million, down from 262 million a week ago — suggesting many traders are moving their tokens to self-custody wallets.
Most of the outflows have occurred on platforms such as Bybit, Raydium, and Coinbase, indicating that even users on large centralized and decentralized platforms are preparing for long-term holds.
Lower Exchange Supply Signals Bullish Sentiment
The weekly supply of Popcat tokens on exchanges dropped to 24%, down 2.3% from the previous week. In crypto markets, shrinking exchange balances are often interpreted as a bullish indicator, as it implies fewer tokens are available for immediate sale, signaling reduced selling pressure.
Further bolstering this sentiment is the behavior of Popcat’s top profit-makers. Nansen analytics shows that the most profitable trader over the past week, with $173,000 in realized gains, still holds 97% of his Popcat position — demonstrating continued confidence in the token’s upside potential.
Technical Analysis: More Upside in Sight?
From a technical standpoint, Popcat appears to be building momentum. The daily chart highlights a falling wedge breakout, a bullish reversal pattern formed by two descending, converging trendlines. Since the breakout, the token has moved above its 50-day moving average, while momentum indicators like the Relative Strength Index (RSI) are also pointing north.
Analysts now believe the next major target is the 23.6% Fibonacci retracement level near $0.5982 — a potential 142% upside from current levels.
With falling exchange reserves, consistent buy-the-dip interest, and unwavering confidence from top traders, Popcat’s rebound may just be getting started. While short-term volatility is always possible in meme coin territory, the data suggests that long-term holders are doubling down — a sign that this Solana-based cat might still have plenty of lives left.
