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Solana memecoin POPCAT rises 25% in 24 hours: Is this why?

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Solana-based meme coin Popcat [POPCAT] leads the cryptocurrency market as the asset with the most social activity in the past 24 hours...

leads the cryptocurrency market as the asset with the most social activity in the past 24 hours, causing its price to gain by double digits during that period.

First, its key momentum indicators observed on a 24-hour chart showed a steady increase in demand for the meme coin. Similarly, the meme coin’s Chaikin Money Flow —which measures the flow of money into and out of the asset—trended upward. As of this writing, POPCAT’s CMF was 0.31.

 

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