What Is the Popcat Coin?

Popcat Coin price

Popcat (POPCAT) is a memecoin on the Solana blockchain inspired by the Pop Cat internet meme, which features a cat named Oatmeal opening and closing its mouth.

The POPCAT token launched in December 2023. Its Solana contract address is: 7GCihgDB8fe6KNjn2MYtkzZcRjQy3t9GHdC8uHYmW2hr

POPCAT's supply is about 980 million tokens, with nearly all of it in circulation. The minting function was disabled, so no new POPCAT can be created, and the tokens from the original liquidity pool were burned.

POPCAT is mainly a community and meme-driven token. It doesn't run its own blockchain or offer the kind of utility that comes with tokens used for staking, gas fees, or protocol governance.

POPCAT is an SPL token on Solana, so transfers and trades run on the Solana network rather than a separate Popcat blockchain.

• Blockchain: Solana

• Token type: SPL token

• Supply: About 980 million POPCAT, nearly all circulating

• New issuance: None. The minting function is disabled.

• Trading: POPCAT trades on Solana decentralized exchanges and on centralized platforms including Coinbase, Kraken, and Robinhood.

• Network fees: Moving or swapping POPCAT on-chain requires SOL to pay Solana transaction fees.

POPCAT's value depends mainly on demand, liquidity, trading activity, and continued interest in the meme, rather than on revenue or cash flow.

If you receive POPCAT through an airdrop, reward, promotion, or similar distribution, US tax treatment depends on the circumstances.

Crypto received as income is generally taxable at its fair market value when you gain dominion and control over it, and that amount becomes your cost basis. If you later sell or swap the POPCAT, you calculate a separate capital gain or loss from that basis.

Moving POPCAT between wallets you own isn't an airdrop and generally isn't taxable.

You can buy POPCAT on a supported centralized platform or swap for it on Solana. If you use a decentralized exchange:

• Set up a Solana wallet.

• Add SOL to the wallet for the purchase and network fees.

• Connect to a Solana decentralized exchange or aggregator.

• Check the POPCAT contract address before swapping: 7GCihgDB8fe6KNjn2MYtkzZcRjQy3t9GHdC8uHYmW2hr

• Review the token, amount, slippage, and transaction details before approving the trade.

• Keep transaction records for tax purposes.

For US taxpayers, swapping SOL for POPCAT is a taxable sale of the SOL you give up. Your gain or loss depends on the difference between what you paid for that SOL and its value at the time of the swap.

This is not investment advice. Always do your own research and understand the risks involved before investing in crypto.

POPCAT trades on Solana decentralized exchanges and on centralized platforms such as Coinbase, Kraken, and Robinhood, though availability varies by country and state and can change.

If you trade POPCAT on-chain, check the contract address, because imitation tokens may use similar names. Whether you use an exchange or your own wallet, keep records of your purchases and transfers so you can track your cost basis.

POPCAT has seen extreme price swings since it launched in 2023. It hit a record high of about $2.07 during the November 2024 memecoin boom and has traded far below that level since then.

Like most memecoins, POPCAT's price moves mainly on speculation, social media attention, and overall crypto market sentiment rather than fundamentals. Sharp daily moves are common.

POPCAT's future depends on whether interest in the meme and its community holds up, and on how much liquidity stays in the market. Memecoins can lose attention quickly, and there's no development roadmap that ties POPCAT's value to a product or revenue.

POPCAT and other memecoins are highly volatile and risky. Prices can fall 90% or more when sentiment shifts. Disabling the minting function removes one risk, since no one can create new tokens, but liquidity can still dry up and exchanges can delist the token. Only invest what you can afford to lose, and always do your own research before investing in POPCAT or any cryptocurrency.

The IRS treats POPCAT as property. Buying it with dollars and holding it generally isn't taxable, and neither is moving it between wallets you own.

Selling POPCAT, spending it, or swapping it for another crypto is a taxable disposal. You owe capital gains tax on any increase in value since you acquired it, reported on Form 8949 and Schedule D. Gains on POPCAT held one year or less are taxed at your ordinary income rate, and gains on POPCAT held longer qualify for lower long-term rates.

POPCAT received as an airdrop or reward is ordinary income at its market value when you receive it, generally reported on Schedule 1. You still have to report all of this even if you never receive a tax form.

TokenTax can import your Solana wallet and exchange activity, apply your chosen cost basis method, and generate Form 8949 and Schedule D. Some DEX activity may need to be added manually by CSV. Learn more in our memecoin tax guide.