$630,000 buy briefly brings Popcat over $1 billion FDV to win Polymarket bet

While dog-themed memecoins such as Dogecoin and even newer memecoins like Pepe have long dominated the crypto space, cat-themed memecoins have been on the rise recently, rallying in recent months and soaring to new heights. 

Now, a new milestone has been crossed, albeit briefly: Popcat became the first cat-themed memecoin to surpass $1 billion in fully-diluted value (FDV) on Dexscreener after a nearly $630,000 purchase from X user Wiftardio pushed the coin over the top. On-chain data shows Wiftardio's wallet holds nearly $19 million in various memecoins, including $7.7 million worth of dogwifhat, $2 million worth of Billy, and now $5 million worth of Popcat. 

Wiftardio first bought about $475 worth of the memecoin two months ago, and quickly accumulated more than 6.3 million tokens shortly after, worth an estimated $2.6 million at the time, according to Solscan. 

The purchase led to the resolution of a Polymarket bet about which cat-themed memecoin would be the first to cross the $1 billion FDV mark. While some commenters on Polymarket decried the large purchase as market manipulation, Wiftardio, when reached by The Block, denied that their purchase was related to the betting market, stating they were "just making sure the cat keeps popin!" 

Popcat has since fallen below the $1 billion FDV mark, currently trading in the low-to-mid $900 million range, according to The Block's Popcat Price Page.