Popcat (POPCAT) is a memecoin built on Solana that was inspired by the viral "Oatmeal" cat meme.
Memes have become extremely popular in the crypto world, particularly in 2024, often driving trends, influencing communities, and even reshaping the value of digital assets.
Popcat taps into this meme culture in several ways:
- Origin story: The "Oatmeal" cat meme is recognizable and relatable.
- Community engagement: The Popcat community actively participates in online discussions and viral posts across social media.
- Accessibility: Popcat's meme-based branding provides a low entry barrier to participate in the crypto space.
Moving past its “memeability”, Popcat was also designed to facilitate tipping and integrate within NFTs and metaverse experiences.
The story behind popcat
Popcat originated from an image posted in October 2020 on Discord by @XavierBFB of his cat, Oatmeal. The meme depicts the cat with two different mouth positions: one with its mouth closed and the other with its mouth open in an 'O' shape, creating a 'pop' sound when toggled between each image rapidly.
A friend of the owner, Reddit user Skettidragon, shared the image on the subreddit r/MEOW_IRL and the meme gained traction when Twitter user @partitiongal reposted it, garnering over a million views. This led to the widespread use of the image, such as lip-sync videos on Instagram and reaction images on Twitter.
This meme later inspired the creation of the Popcat.click game, where users could click on the cat's image to generate "pops" and contribute to their country's score on a global leaderboard.
The Popcat token was launched in December 2022, capitalizing on the popularity of the meme and the game.
The identity of Popcat's founder or the team behind it is a mystery. However, in 2024, Jpeggler, the founder of the ENIGMA art collection, bought the update and social rights to Popcat.
The token’s market cap rose rapidly from 200k to over 230 million, placing it as the third most viral memecoin on Solana.
How Does Popcat (POPCAT) Work?
POPCAT is an SPL token on the Solana blockchain, like the ERC-20 token standard on Ethereum. The maximum supply of POPCAT is 979,974,293 tokens, and no mechanisms are in place that would affect the token supply, such as staking or burning.
The Popcat community continuously organizes various initiatives, including charitable donations and social media engagement campaigns to keep Popcat at the forefront of online attention. There is no requirement to own POPCAT to participate in these initiatives. Anyone who wants to join the Popcat community can follow the project on social media or join its online forums
Popcat Tokenomics
A significant portion of the maximum supply (93.1%) was initially allocated to liquidity pools and later burned, promoting decentralization and community ownership.
The remaining 6.9% is held in a multi-signature wallet for strategic purposes like exchange listings.
By avoiding complex mechanisms like transaction fees, POPCAT aims to be accessible and user-friendly.
Popcat essentials
- Popcat (POPCAT) is a Solana-based memecoin inspired by the viral "Oatmeal" cat meme, designed for tipping, community engagement, and potential integration with NFTs and metaverse experiences.
- Originating from a Discord post in 2020, the Popcat meme gained popularity through social media and a clicker game, leading to the launch of the POPCAT token in 2022.
- With a fixed supply and a focus on community-driven initiatives, Popcat aims to foster a fun and inclusive environment within the crypto space.