Popcat ($POPCAT), a prominent meme coin with a $1.23 billion market cap, is facing significant losses. It has fallen 30% over the past month, including a 17.4% decrease in the last seven days. The coin now trades at $1.26, indicating a concerning trend for investors.
The dramatic decline of Popcat, the largest drop among the top ten meme coins, comes as a new cat-themed coin emerges in the market. This situation prompts questions about Popcat's future amidst heightened competition.
