Popcat is a meme coin based on a viral meme that appeared in October 2020. The original meme features two images of a cat named "Oatmeal". One picture shows the cat's mouth closed while the other has its mouth prominently opened in a large "O" shape. The meme comes from rapidly alternating between the images and creating a visual representation of a "pop" sound one would make with their mouth. Thus, Popcat was born.
The true identity of Popcat's founder or the team behind it is a mystery. In 2024, Jpeggler, the founder of the ENIGMA art collection, bought the update and social rights to Popcat. The token has seen a large rise in market cap from 200k to over 230 million, placing it as the third most viral meme coin on Solana. While there is no link between the original meme and the meme coin, the community has once again spoken on its interest in uniting community, memes and speculative value.
As a meme coin, the token offers no intrinsic utility or value. Popcat functions as a speculative asset and collectible. Its value is driven by viral trends, community engagement and hype rather than technical achievement or utility. The project employs the widespread enjoyment of the meme and weaving through its own volatile market space to maintain interest and value. The website homepage is a "Popcat Clicker" where each click toggles the image and makes "Oatmeal", the cat, pop. The international leaderboard ranking adds a nice oomph of competitive edge to encourage more pops. An extremely clever tactic for page clicks and admittedly a good time. The site also features a gallery of some of the more popular meme remixes. The simpler the meme, the simpler the value.
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