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

• Popcat Website
• Popcat X (Twitter)

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

The post What Is Popcat (POPCAT)? appeared first on Coin Engineer.

Rapidly gaining popularity in the first half of 2025, Let’s BONK (LetsBONK) takes its name from one of Solana’s iconic projects: BONK. Thus, the project directly benefits from BONK’s ecosystem power and brand recognition.

About the Team

Let’s BONK (LetsBONK) was initiated by an anonymous team, just like many other meme tokens. While the identities of the core developers remain unknown, the project is reportedly supported by some OG members of the BONK community and various Solana developer groups.

These groups and individuals were instrumental in BONK’s earlier growth, providing a strong foundation for Let’s BONK (LetsBONK) as well.

Investors and Notable Supporters

Several notable entities and figures have supported the project:

• Indirectly endorsed by Toly, the founder of Solana
• Backed by key Solana ecosystem platforms such as MoonPay, MonkeDAO (SMB Community), and Jupiter
• Popular internet figure Hosico joined early, boosting the project’s viral power

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

These supporters emphasize that Let’s BONK (LetsBONK) is more than just a “joke” — it has genuine social momentum.

Project Concept

Let’s BONK (LetsBONK) is the native token of LetsBonk.fun, a next-gen Launchpad platform created under BONK on the Solana blockchain. It’s not just a meme coin — it powers a platform where meme-based projects are born.

How It Works

Technically, Let’s BONK (LetsBONK) is an SPL token operating on Solana. The mechanics of the project can be summarized as follows:

• Built on Solana: Fast transactions, extremely low fees
• Fixed Supply: Capped at 68.99 million tokens
• Tradeable: Available on both DEXs (like Raydium) and CEXs (like LBank, BitMart)
• 1% Transaction Fee: Collected from Launchpad activity; used for node validators and $BONK token burns
• High Liquidity: Daily trading volume can exceed $3 million

Roadmap

Although no official technical roadmap has been released due to the project’s early stage, key milestones include:

• April 2025: Launch of LetsBonk.fun
• First 24 Hours: 800,000+ visitors, $300M in volume, and 2,700 new tokens created
• LETSBONK Launch: Started with low market cap, surged to $30M in just 6 hours
• Next Steps: Support more meme projects via the Launchpad, grow the community, integrate with decentralized apps

Ecosystem

Let’s BONK (LetsBONK) is part of the broader Solana meme ecosystem shaped by BONK. The key elements of this ecosystem include:

• BONK Token
• LetsBonk.fun Launchpad
• Meme projects like Hosico and DumpFun
• Solana NFT and app developers
• DEXs and Launchpad platforms
• Solana Phone – Saga integration

This structure supports Let’s BONK (LetsBONK) as both a technological and cultural movement.

Key Features

• Community-Centric: Success is driven more by social impact than tech
• Low-Cost Transfers: Directly reflects the strengths of Solana
• High Volatility: Price swings of up to 1000% possible
• Viral Spread Potential: Fueled by social media and FOMO
• LaunchPad Utility: Real-world function beyond meme hype

Official Links

• Official Website
• X (Twitter)

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post What is Let’s BONK (LetsBONK)? appeared first on Coin Engineer.