- Ah, the illustrious Robinhood! Its latest listing has sent PENGU, PNUT, and POPCAT soaring like balloons untethered from a child’s hand, experiencing exhilarating double-digit recoveries!
- POPCAT, that feline fantasy, might just be on the brink of a monumental rebound—if it can overcome that pesky overhead hurdle that seems to take pleasure in blocking its path.
On that fateful day—Friday—the digital world experienced a whimsical spectacle, with Popcat [POPCAT] and the rascally Peanut the Squirrel [PNUT] claiming the apex of performance within Solana’s memecoin ecosystem, all before the U.S. market elegantly unfurled its curtains. 🎭
According to the authoritative Coinmarketcap, POPCAT ascended by an impressive 16%, akin to a caffeinated cat that found the last fish in the pond, whilst PNUT enjoyed a modest 6% bounce. Dare we say, they were the top three performers that 24-hour period!
Imagine the jubilation in the cryptocurrency marketplaces! This upswing was ignited by Robinhood’s audacious move to list these memecoins, including the adorably plump Pudgy Penguins [PENGU], as of March 13. PENGU shot up by 26% faster than a chef tossing dough, only to hastily retract its gains with all the grace one might expect from a klutz.
At the moment of writing, it was (rather unceremoniously) up by a mere 5% on the daily chart. Ah, growth—so capricious!
But will the memecoin fiesta continue?
From our splendidly subjective Solana memecoin lens, POPCAT emerged as the best performer amidst a crowd of tokens as vibrant as a circus tent. It gallantly doubled TRUMP’s disappointing 8% gains, showcasing the whimsical dance of recovery for Solana memecoins as their market cap pirouetted upward by 4%, landing at a delightful $7.3 billion, all thanks to a temporary push.
Yet the pressing question remains: can this quirky cadre maintain their streak of victories as we saunter into the weekend? Clever minds at AMBCrypto noticed a flicker of speculative interest—an intrigue that seemed to echo through the market—by examining Open Interest (OI) rates on the derivatives marketplace, which tend to shout louder than a toddler in a toy store.
Coinglass’s OI heatmap declared that TRUMP, PNUT, and POPCAT were among the memecoins reveling in a mighty surge of OI on the daily chart—a merry band of performers!
TRUMP’s OI was buoyed by an impressive $326M, while PNUT and POPCAT basked in the glow of $140M and $91M respectively. Curiously enough, PNUT and POPCAT saw a delightful double-digit jump in OI—much like your uncle at a family barbecue, demonstrating renewed interest in these charming gems.
Turning our gaze towards trading volume reflects that the three Robinhood-listed treasures operated among the top ten tokens with trading volumes sufficient to make a deer in headlights blush. Should the trend persist, PENGU, POPCAT, and PNUT could very well extend their shiny gains into the weekend. 🥳
Nevertheless, a meticulous inspection of POPCAT’s price chart reveals a critical warning: it must reclaim the $0.20 mark as steadfast support to sustain its rebellious recovery. Otherwise, a rejection beneath the moving averages could send it tumbling down like an improperly stacked Jenga tower.
In terms of sector performance, it appears the memecoin realm has suffered a 10% decline this week, mirroring the fate of the AI sector—both seemingly sharing a mutual gloom. 😔
To add insult to injury, DeFi flaunted the title of worst performer with a staggering 12% drop, all amidst a market sentiment that could only be described as “bleak with a hint of sarcasm.”
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2025-03-15 09:15