Popcat
POPCAT
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
POPCAT is a Solana-based meme token with a fixed supply of approximately 979.9 million tokens, 100% circulating supply, burned liquidity pool tokens, and a renounced contract. However, it exhibits severe fundamental deficiencies across all technical and operational dimensions. There is zero active protocol engineering, development roadmap, official code repository, or formal governance structure. The founding team is completely anonymous, and an unverified multi-signature wallet controls approximately 6.9% of the supply. The token lacks intrinsic utility or demand drivers outside of speculative sentiment and a basic web clicker game. From a security and market perspective, POPCAT has suffered a ~97% unrecovered drawdown from its all-time high and was utilized as the vehicle in a $4.9 million Hyperliquid community vault liquidity exploit in November 2025. Although no direct exploit of the POPCAT SPL token contract occurred, the absence of verified third-party audits, KYC verification, or bug bounty programs reinforces a highly speculative and fragile profile. The overall score of 2.7 reflects the weighted average of all six evaluated sections without requiring a red-flag cap adjustment.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Popcat (POPCAT)
Popcat (POPCAT) is a meme cryptocurrency deployed as an SPL token on the Solana blockchain. Associated with the popcat.click web-based click leaderboard game, the token is centered around the Popcat internet meme. POPCAT possesses no structural utility, staking mechanisms, or technical roadmap, serving primarily as a speculative asset. It operates with a fixed maximum supply of approximately 979.9 million tokens, with 100% of the supply in circulation, burned liquidity pool tokens, and renounced smart contract ownership.
The project operates without an active engineering team, formal governance structure, or official code repositories. Day-to-day operations and social channels are managed by an anonymous team, with activities largely limited to promotional campaigns and exchange listing maintenance. While the majority of the token supply was paired into liquidity pools, approximately 6.9% of the total supply is held in a multi-signature wallet with unverified signers, representing an element of concentration and centralization risk.
POPCAT has been involved in third-party market incidents and substantial market volatility. In November 2025, the POPCAT market on Hyperliquid was targeted in a liquidity manipulation attack that drained approximately $4.9 million from a community vault, although the underlying POPCAT token contract itself was not directly exploited. Following an all-time high of $2.06, the asset experienced an unrecovered price drawdown of roughly 97%. Furthermore, the project lacks Know-Your-Customer (KYC) verification, bug bounty programs, or verified external audits registered on major tracking platforms such as CertiK.