# Popcat Value Rises as Exchange Token Stocks Fall
Solana’s premier meme coin, Popcat, maintained its optimistic path on Tuesday, attaining its maximum point since March 3rd.
Popcat (POPCAT) tokens ascended to $0.2722, almost multiplying from this year’s nadir. Its market valuation has escalated to $254 million, establishing it as the sixth-largest meme coin in the Solana system.
Popcat’s increase corresponds with the continuous revival of other meme coins. Leading Solana meme tokens such as Fartcoin (FARTCOIN), Dogwifhat (WIF), Peanut the Squirrel, and cat in a dogs world have all noticed profits of over 20% in the previous week.
Information from external origins reveals a reduction in the quantity of POPCAT tokens possessed on exchanges over the past week. Presently, exchanges possess 237.85 million tokens, a decrease of almost 10%. The total supply proportion possessed on exchanges has diminished to 24.24%.
The reduction in token quantity on exchanges is an optimistic indication, as it implies that financiers are relocating their tokens into self-custody.
On-chain information from Nansen displays robust assurance among lucrative leading holders. The top-performing Popcat traders have gained almost $2 million in the past week and are still possessing 99% of their tokens. Another top trader, with realized profits of $121,000, is also possessing 99% of their stake.
## Popcat Value Technical Assessment
The daily chart displays that Popcat has been in a sustained decline since attaining a summit of $2.07 in November, reaching a low point at $0.1590 earlier this month. It is now creating a double bottom pattern, a typical optimistic reversal indication.
Indicators such as the Relative Strength Index and Percentage Price Oscillator are both inclining upwards, signifying an optimistic divergence is forming. If the impetus persists, Popcat could rally to the psychological resistance degree of $0.50, which is about 100% above the current degree.
Nevertheless, an inability to sustain current expansion might portend a more substantial adjustment in the future. Cryptocurrency Market Anticipated to Surge in the Second Quarter of 2025, According to QCP Capital Analysis
