In April, meme coin Popcat (POPCAT), which had lost more than 90% of its value since November 2024, returned to the spotlight with a sharp price correction.
According to CoinGecko, POPCAT’s price has increased by more than 107% in the past two weeks. At the start of April, the token was trading at around $0.15. By April 23, it had risen to $0.38 – its highest value in the past 30 days.
More broadly, the meme coin market has also shown signs of improvement. These tokens are typically seen as the riskiest segment of crypto and often underperform during periods of market stress. But over the past week, several meme coins have recorded notable gains.
One of the strongest performers was Fartcoin (FARTCOIN), which rose by 102% in the past 30 days, according to CoinGecko. Its move may have contributed to the broader momentum in the meme coin sector.
Mem Coin Trader Unipex Reports $500K Profit — And Continues To Hold It
The rise in POPCAT’s price coincided with a post by well-known meme coin trader Unipex on X. Unipex previously gained attention for profiting from Bonk (BONK) before it became widely known.
On April 9, Unipex posted that he had already added more POPCAT to his portfolio before the price surge. The screenshot also revealed that the trader held a position in Fartcoin at the time.
After several days of price surges, Unipex posted an update on April 22, reporting over $500,000 in profits from the POPCAT trade. However, the trader said they were not selling it and would continue to hold the token.
According to Unipex, the price still has room to rise. POPCAT is trading about 80% below its all-time high of $2.04, which was reached on November 17, 2024, during the meme coin rally around the US elections. The trader believes that the “bull run is not over yet.”
Popcat Price Jumps as Smart Money Signals New Optimism
While it’s difficult to measure how much Unipex has influenced market behavior, other large holders, or “whales,” have also been actively accumulating POPCAT.
According to Stockchain, one whale purchased about $652,690 worth of POPCAT on April 23. That address now holds about $1.3 million in tokens.
Stockchain also noticed a broader trend: smart money is moving back into meme coins. As of April 22, Fartcoin was at the forefront with net inflows of $675,470. Jupiter (JUP) ranked second with $293,630, and PopCat ranked third with $237,700.
Amid the growing interest, there is a sense of renewed optimism among the crypto community. Meme coins remain highly volatile and are considered riskier than most digital assets. But the increase in risk-taking may reflect broader confidence in market conditions.
At the same time, prices in the meme coin sector remain highly volatile and difficult to predict. Sharp changes in either direction can occur in a matter of hours, making these assets particularly risky for traders and investors. However, a recent surge in whale activity and an increase in trading volume suggest that some are willing to take on that risk, perhaps in anticipation of a broader market correction or simply in search of short-term gains.
This new appetite may also be supported by macroeconomic changes, including the recent U.S. announcement to reduce tariffs on China. Although it is too early to say whether this trend will continue, the return of capital to meme coins is a sign of growing optimism in the crypto space.
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