Martin Shkreli told his X followers that Popcat’s price would go down, but experts still believe other meme coins have the potential for gains.
Two of the most promising new meme coins on the market right now are Meme Index and MIND Of Pepe.
Shkreli Bearish on Popcat Liquidity
The controversial “Pharma Bro” Martin Shkreli says that Popcat’s $8 million liquidity pool is a worrying sign for the token, especially given its already-depressed price action in recent months.
After peaking at $2.07 on 17 November, Popcat has decreased by a staggering 88% to $0.24. For every $1 you invested at the top, you’d have $0.11 now.
You might think this is a buying opportunity, but Shkreli says otherwise.
“$200 million despite $8 million in the ‘liquidity pool.’ If holders tried to sell it all, there would be only $8 million to pay everyone.”
also sell/short $POPCAT. this dead meme retard shit is still worth $200m despite $8m in the “liquidity pool”. meaning if holders tried to sell it all there would be only 8m to pay everyone 😂😂😂
— Martin Shkreli (@MartinShkreli) February 6, 2025
Shkreli did receive some pushback, with one X user who goes by Jantto highlighting that this is the purpose of automated market makers (AMMs), which make better use of available liquidity compared to order book exchanges.
😂 imagin not understanding AMMs
— jantto (@ottnaj) February 6, 2025
Another X user, Brew.pop, underlined that Shkreli also didn’t account for centralized exchange liquidity, where a lot of trading takes place.
Did you include CEX liquidity martini?
— Brew.pop (@potionmaster777) February 6, 2025
But despite the resistance, there’s no denying that Popcat’s performance has been shockingly poor in recent months.
Coinbase Lists Popcat, Then It Roundtrips Gains
To make matters worse, Coinbase just listed Popcat on its exchange, but its price was quickly knocked back down after rallying.
Before the Coinbase listing, Popcat traded at $0.22. It soared to $0.26 after the announcement but was hammered back to lows of $0.2.
The good news is that the price has now recovered most of the gains, trading at $0.24. But this is another example of Popcat’s inability to sustain a strong uptrend without equal selling pressure.
Several meme coins have taken severe hits recently; another is dogwifhat. It’s currently down 37% this week and 86% from its all-time high (ATH).
Currently, WIF trades at $0.66, but Shrekli says it’s going to $0.03.
$WIF is going to 0.00-0.03
— Martin Shkreli (@MartinShkreli) February 7, 2025
The crypto market has changed recently. No-utility meme coins are struggling to stay afloat – but that doesn’t mean the entire meme coin sector is dead.
For instance, Berachain, a layer 1 blockchain that uses meme coin characteristics in its branding, is up 531% from its launch price two days ago.
Meanwhile, experts are tipping other utility-focused meme coins for huge gains in the coming months.
Best Meme Coins to Buy – $MEMEX and $MIND Tipped to 100X
Utility-focused meme coins have performed significantly better than no-utility meme coins recently. One example is Meme Index. The project is undergoing a presale and has raised $3.4 million so far.
It’s building a trading platform that lets users buy diversified baskets of meme coins. Four are on offer, ranging from low to ultra-high volatility.
Buying diversified baskets spreads risk compared to investing in individual meme coins.
Also, the platform is on-chain and KYC-free, meaning traders can use it anywhere. However, users must hold $MEMEX to access the platform, meaning the token’s demand will align with the platform’s popularity.
Analysts from the Cryptonews YouTube channel recently published a project review and suggested it has 100x potential. One of the main reasons is its innovative approach to making investing in meme coins easier.
Alongside Meme Index, MIND Of Pepe is showing substantial potential right now. The project is an AI agent that operates its own X account and crypto wallet.
And unlike many AI agents on the market, it isn’t just riding the AI hype train – the agent will be making its community real money.
It can write tweets, monitor trends, launch tokens, and interact with blockchain apps 24/7 without human interference.
The plan is to identify and share emerging trends with $MIND holders. Then, the agent will also launch its own tokens on-chain and give $MIND holders first access. It can write tweets to promote them to a bigger audience and increase prices.
While meme coins like Popcat and Dogwifhat are simply images of cute animals, MIND Of Pepe is on the cusp of blockchain innovation.
It’s easy to see why analysts like ClayBro say it can 100x.
The project is undergoing a presale and has raised $5.4 million so far.
