Bithumb Lists Solana-Based Meme Coin POPCAT on KRW Market

Bithumb, one of South Korea’s foremost cryptocurrency exchanges, unveiled the listing of POPCAT, a Solana (SOL)-based meme coin, on its Korean won (KRW) market on October 25. This development marks a significant expansion in Bithumb's altcoin offerings and reflects the platform’s ongoing commitment to diversifying its trading options.

The exchange announced that trading for POPCAT will commence at 7:00 PM local time, with an initial reference price of KRW 310 for the coin. This positions POPCAT as a promising entrant to Bithumb’s roster, especially within the meme token category.

Deposit and Withdrawal Guidelines for POPCAT

Bithumb issued specific guidelines regarding deposits and withdrawals for POPCAT, highlighting the importance of network compliance. Access to deposits and withdrawals will be enabled within two hours after the announcement. Notably, transfers will be exclusively supported on the Solana blockchain. The exchange emphasized that deposits attempted via other blockchain networks will not be recognized and urged traders to verify the transfer network before initiating transactions.

This emphasis on network compatibility aligns with Bithumb's broader strategy to ensure operational security and accuracy for users, especially as the exchange expands to newer asset classes like meme coins.

Trading Fee Waiver Event Celebrates POPCAT Launch

To celebrate POPCAT’s listing, Bithumb introduced a limited-time fee waiver promotion for POPCAT transactions. Running from October 25 at 7:00 PM to October 27 at 7:00 PM—lasting a total of 48 hours—this initiative eliminates all trading fees on POPCAT during the promotional period.

While this fee exemption will count toward users’ membership tier calculations, traders will not accrue trading points or maker rewards associated with these transactions. The fee waiver reflects Bithumb’s focus on incentivizing initial activity around newly listed coins, creating excitement around meme tokens like POPCAT.

Early Trading Restrictions for Stability

To maintain stable trading conditions during POPCAT’s launch, Bithumb is introducing initial restrictions. For the first five minutes following the opening of trading, only sell orders will be permitted. These sell orders must comply with strict price boundaries, falling between KRW 279 (10% below the reference price of KRW 310) and KRW 620 (100% above the reference price). After this window, over the next two hours, only limit orders will be accepted.

These measured trading controls are designed to mitigate price volatility and protect traders from erratic market behavior during the high-interest launch period. Such restrictions reflect Bithumb's commitment to providing a regulated trading environment for its users.

Understanding POPCAT: A Solana-Based Meme Token

POPCAT is a cryptocurrency inspired by internet meme culture, built on the performance-driven Solana blockchain. Leveraging Solana’s high-speed and low-cost transaction capabilities, POPCAT aims to gain traction among investors intrigued by blockchain meme innovations.

Additionally, Bithumb highlighted its adherence to Travel Rule compliance for this asset, underscoring its position as a regulation-focused exchange. Only verified cryptocurrency service providers will be supported for deposits and withdrawals, ensuring a secure framework for external transfers. The exchange encouraged its users to exercise vigilance when transacting with POPCAT, particularly on external platforms.

Bithumb's Strategic Approach to Meme Coins and Altcoins

By listing POPCAT and introducing promotional incentives, Bithumb continues to broaden its altcoin portfolio while maintaining a robust and secure trading ecosystem. This strategic move not only signifies Bithumb's responsiveness to market trends but also illustrates its commitment to balancing innovation with the protection of its users.

For crypto enthusiasts in South Korea, POPCAT’s listing is another example of how Bithumb drives market opportunities while remaining steadfast in regulatory compliance and platform security.

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