Daily close and perpetual volume across tracked exchanges
Named after the viral meme of a cat snapping its mouth into an open circle, Popcat is a Solana memecoin with no product beyond its community and brand. POPCAT trades on sentiment, social media reach and the health of the Solana meme market. Perps let traders lever into those swings, short fading momentum, or hedge spot holdings bought on Solana DEXs.
This is a thin, fragmented market. BingX handles a large share of POPCAT perp volume, while Bybit and Hyperliquid hold more open interest than their trading would suggest. With modest liquidity, a single large order or liquidation can move price sharply, and funding can flip within hours. Checking order book depth before trading size matters more here than on large caps, and liquidation spikes often mark short-term extremes.
POPCAT funding rates POPCAT open interest POPCAT liquidations POPCAT long/short ratio
Every tracked POPCAT perpetual market
| # | Exchange | Price | 24h | Volume 24h | Open interest | OI 24h | Funding 8h | L/S | Liq. 24h | ±1% depth | Trade |
|---|
Share of total · 24h change
Last 24h · long vs short
Last 4h · buy share of taker volume
Live answers use data from every tracked POPCAT perpetual markets · updated
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Popcat is a memecoin on Solana based on the internet meme of a cat that opens its mouth wide in a popping shape. It has no utility, revenue or roadmap that determines its value. Its price depends on community attention and the broader appetite for Solana memecoins.
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POPCAT perps move violently because liquidity is thin relative to the leverage traders use. When price moves quickly, liquidations trigger market orders that push it further, which can set off more liquidations. Shallow order books on smaller venues make wicks especially common.
Both are Solana memecoins, with POPCAT following a cat meme and WIF a dog meme. WIF usually has deeper perp liquidity, so POPCAT tends to see larger percentage swings and wider spreads on the same news. Traders sometimes rotate between them during Solana meme rallies. See WIF perps.
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Memecoin sentiment drives POPCAT more than anything else. Social media trends, Solana network activity, new exchange listings and large wallet moves can all trigger sharp swings. With no fundamentals to anchor value, momentum in either direction can run further than expected.
POPCAT perpetual futures are derivatives contracts that track the price of POPCAT and never expire. Instead of settling on a date, they use a funding rate to stay close to the spot price. You can go long or short with leverage without holding any POPCAT.
Funding is a payment between longs and shorts. When POPCAT perps trade above the index price, funding is positive and longs pay shorts. When they trade below it, shorts pay longs. Most exchanges settle every 8 hours and some, including Hyperliquid, settle every hour.
Compare venues, fees and features on the best perpetual exchanges page.
Coinperps does not give trading advice. Funding, open interest, the long/short ratio and liquidations show how other traders are positioned, but crowded positioning can last longer than expected. Size positions so a liquidation would not hurt you.
Data from tracked centralised and decentralised exchanges, refreshed every few minutes. Not financial advice. Methodology