While POPCAT rose roughly

↗7.5%

over the past week, the number of active traders dropped approximately

↘22%

, raising questions about the move's staying power.

Thin trading behind price gain

POPCAT gained roughly

↗7.5%

over the past week even as the number of active traders fell approximately

↘22%

over the same period, suggesting the price gain reflects thin trading rather than strong conviction.

Blockchain data signals caution

People are selling at losses with a key metric at 0.85, while overall investor sentiment remains in extreme fear territory with only 791 active addresses on the blockchain.

Memecoin category faces headwinds

The move comes as the memecoin category declined roughly

↘6.74%

overall and the number of people buying across crypto collapsed approximately

↘67.5%

, with

weighing on speculative assets.