Emre Yumlu 
Popcat is a meme coin project developed on the Solana blockchain, inspired by the viral internet meme featuring a domestic cat named “Oatmeal.” In this article, we will cover what project is, how it works, its technology, and use cases in detail. Additionally, we will examine the project’s tokenomics structure and community-driven approach to explain why it has become so popular.
What is Popcat?
Popcat originated in October 2020 as an internet meme shared by XavierBFB on Discord, featuring two images of a short-haired cat named Oatmeal. These images show the cat with its mouth closed and open (forming an “O” shape). When toggled quickly, these images create the impression of the cat making a “pop” sound. The meme went viral after being reposted by partitiongal on Twitter, garnering over a million views. It was later synchronized with music videos on Instagram, making it appear as though Oatmeal was singing, leading to entertaining content.
This popularity led three students from the University of Sheffield to develop a game called popcat.click in December 2020. In the game, users click on Oatmeal’s image to open and close its mouth, producing a “pop” sound, contributing to their country’s ranking on a global leaderboard. The game’s simple yet addictive mechanics made the project a global phenomenon. Additionally, project appeared as a “nextbot” in Roblox’s Evade game, and localized versions like popyut.click in Thailand and popdin in Malaysia, featuring local politician visuals, emerged.
Project’s journey in the crypto world began in December 2022 with the launch of the POPCAT token on the Solana blockchain. In 2024, Jpeggler, the founder of the ENIGMA art collection, acquired the project’s update and social media rights, further growing. The token’s market capitalization surged from $200,000 to over $230 million, making it the third most viral meme coin on Solana.
How Does Popcat Work?
System operates as a standard SPL token on the Solana blockchain. Thanks to Solana’s Proof-of-History and Proof-of-Stake technologies, it offers high speed and low transaction fees. This enables token to be bought and sold instantly and cost-effectively, which is a significant advantage for the volume and popularity-driven nature of meme coins.
Project’s primary appeal lies in its gamified social experience. The popcat.click game allows users to click on the cat to accumulate points and elevate their country’s ranking on the leaderboard. This simple mechanic boosts community engagement and creates a viral effect. Economically, a 1% burn mechanism is applied to each transaction, reducing the token supply over time. Currently, NFT or DeFi integrations are not live, but developers have announced plans for cross-chain bridges and future ecosystem features.
Project does not rely on complex technological infrastructure or a core product; its strength lies in being a speculative digital asset built on internet humor and community-driven nostalgia.
Popcat Tokenomics
Project’s tokenomics structure is built on simplicity and transparency. According to official sources, the project operates with a “No tax, no nonsense” slogan and has the following token distribution:
- Total Supply: Limited to 979,974,293 tokens. There are no mechanisms like staking or token burning that affect the supply.
- Liquidity Pool: 93.1% of the tokens were sent to the liquidity pool, with liquidity provider (LP) tokens burned and the contract renounced. This reinforces the project’s decentralization and community-driven structure.
- Strategic Wallet: The remaining 6.9% of the supply is held in a multi-signature (multi-sig) wallet and is used only for future centralized exchange listings, cross-chain bridges, and liquidity pools.
This structure demonstrates that Popcat, despite its speculative nature, offers a reliable and transparent approach.
Popcat Use Cases
Project is currently primarily used as a social token and stands out in the following areas:
- Tipping: Popcat is used for tipping among community members. For example, POPCAT tokens can be shared via tipping bots in Dialect chats.
- NFT Integration: Although not yet live, a 10,000-piece zero-royalty Popcat NFT collection is planned to offer POPCAT rewards through staking.
- Community Competitions: The Popcat community organizes initiatives like social media campaigns and charity events. Participation in these events does not require token ownership.
- Entertainment and Gaming: Popcat provides an entertainment-focused experience through the popcat.click game and Roblox’s Evade game.
- Merchandise: There is a store offering discounts on Popcat-themed products. Additionally, a Solana-based Popcat arcade game is planned for development in the future.
In the future, Popcat’s use cases are expected to expand through integrations with social media platforms, online marketplaces, games, or NFT projects.
Popcat Technology
Token is built on the Solana blockchain, which provides several advantages:
- High Speed: Solana offers a transaction capacity of up to 65,000 per second, enabling instant Popcat transactions.
- Low Fees: With an average transaction cost of approximately $0.00025, Solana makes Popcat accessible to both beginners and experienced investors.
- Security: Solana’s security protects POPCAT token transactions.
- Ecosystem Integration: Solana’s compatibility with DeFi and NFT marketplaces increases Popcat’s potential for broader ecosystem integration.
These features make token a fast, cost-effective, and secure meme coin.
Popcat Team
The founding team of the Popcat project, like many meme coin projects, prefers to remain anonymous. While this adds a mysterious aura to the project, Project’s origin and development process tell an interesting story.
Project began in October 2020 as an internet meme shared by XavierBFB on Discord, featuring two images of a short-haired cat named Oatmeal. This popularity led three students from the University of Sheffield to develop the popcat.click game in December 2020.
In summary, while the project’s founding team remains anonymous, the project originated from the Oatmeal meme and the game developed by University of Sheffield students. This Solana-based meme coin continues to attract attention with its community engagement and viral brand identity.
Official Links
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