Popcat is an internet meme and a meme cryptocurrency project, launched in October 2020, centered around an image of a domestic short-haired cat named Oatmeal. The meme features two distinct images of the cat: one with its mouth closed, and another edited to depict its mouth in an exaggerated 'O' shape. The rapid alternation between these images creates a humorous "popping" effect. Over time, the meme evolved into a Solana-based memecoin, developed solely for entertainment purposes with no intrinsic financial value.^{[1][2][3][4][5][6][7]}

Overview

Popcat started as a simple internet meme and quickly gained traction on platforms like Instagram and Reddit, where the edited cat images were synced with music to create comedic effects. The meme was further popularized by an online game where users clicked on the image of Oatmeal to make its mouth open and close, generating points and contributing to a nation’s leaderboard ranking.

The popularity of the Popcat meme eventually led to the creation of $POPCAT, a memecoin on the Solana blockchain. Like many memecoins, $POPCAT relies on community engagement and viral internet culture, rather than any inherent utility, to drive its value.^{[1][2][3][4][5][6][7]}

Tokenomics

POPCAT follows the typical pattern of memecoins, with a focus on simplicity and transparency in its tokenomics.

• Liquidity Pool: 93.1% of the token supply was sent to the liquidity pool. The liquidity pool tokens were burned, and the smart contract has been renounced, meaning the creators no longer have control over the contract.
• Remaining Supply: 6.9% of the token supply is held in a multi-signature (multi-sig) wallet for future use. These tokens are reserved for centralized exchange listings, liquidity pools, and bridges.

The Popcat token emphasizes a "no taxes, no gimmicks" approach, aligning with its playful, meme-driven origins.^[1][2][3][7]