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Meme Coin Report

One Cryptocurrency Sustaining Above the Support Levels- POPCAT

26 February 2025

Cryptocurrency Market Round-Up

Typically, cryptocurrencies are termed as digital currencies and use blockchain technology to record every transaction. Meme Coins are a category of cryptocurrencies that are typically created as jokes or memes, often with little to no inherent utility or technological innovation. Popcat (POPCAT) is a meme cryptocurrency inspired by a viral internet sensation featuring Oatmeal, a domestic short-haired cat. The meme consists of two images—one with the cat’s mouth closed and the other with it wide open in an ‘O’ shape creating a humorous, looping animation that has gained widespread popularity. POPCAT has a market capitalization of ~USD 225.69 million (as per TradingView as of February 26, 2025).

Last week, the S&P Cryptocurrency Broad Digital Market (BDM) Index opened on a bearish note and maintained its downward trajectory. The index declined by 184.69 points (~3.27%), closing at 5,459.17 for the week ending February 21, 2025. As the new trading week begins on February 24, the index continues to exhibit negative momentum. The broader crypto market remains under pressure, with major cryptocurrencies like Bitcoin and Ethereum also facing declines, reinforcing the overall bearish sentiment.

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