The Solana (SOL) memecoin ecosystem is regaining traction with investors as Bitcoin (BTC) leads the overall market recovery.
Popcat (POPCAT), one of the outstanding tokens in the Solana memecoin space, has experienced a 21% surge and reached a new all-time high of $1.75.
Wintermute, a market-making trading firm, has played a significant role in facilitating buying transactions for POPCAT, driving its recent bullish trend.
Investors have been taking profits, leading to a retracement from the record-high price, but it will be crucial for POPCAT to hold key support levels above $1.70.