What is Popcat?

POPCAT is a meme coin launched on the Solana blockchain, inspired by the viral "Popcat" internet meme featuring a cat with a popping mouth expression. It gained popularity in early 2024 as part of a broader wave of socially-driven tokens that thrive on internet culture and community hype. Like many meme coins, POPCAT has no inherent utility or technological innovation, but instead relies on meme appeal, speculative trading, and community engagement for its value and momentum.

What is POPCAT?

POPCAT is a Solana Program Library (SPL) token on the Solana network, and has a fixed total and circulating supply of approximately 980 million units, with no additional tokens to be minted. POPCAT is a meme coin, and does not otherwise offer any utility on the Solana network.

Risk Statement

Before trading any crypto assets it is important to understand the risks. This overview is a starting point for you to perform your own research prior to investing in a crypto asset. 

No securities regulatory authority or regulator in Canada has evaluated or endorsed the Crypto Contracts or any of the crypto assets made available through the platform. 

Wealthsimple has performed an assessment of whether POPCAT can be supported by Wealthsimple’s platform, including whether POPCAT is a security and/or a derivative and is being offered in compliance with securities and derivatives laws. 

We evaluated POPCAT based on publicly available information, including (but not limited to):

• The creation, governance, usage and design of POPCAT, including the source code, security and roadmap for growth in the developer community and, if applicable, the background of the developer(s) that first created POPCAT;
• The supply, demand, maturity, utility and liquidity of POPCAT;
• Material technical risks associated with POPCAT, including any code defects, security breaches and other threats concerning POPCAT and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them; 
• Legal and regulatory risks associated with POPCAT, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of POPCAT; and
• Statements made by regulators or securities regulatory authorities in Canada and other jurisdiction regarding whether POPCAT, or generally about whether the type of crypto asset, is a security and/or a derivative.

Wealthsimple monitors ongoing developments related to crypto assets available on its platform for significant changes that may affect Wealthsimple’s original assessment of those assets, including Wealthsimple’s assessment of the application of securities and derivatives laws. Any significant changes relating to POPCAT may result in changes to this Crypto Asset Statement and/or Wealthsimple’s ability to support POPCAT.

Like all other crypto assets, there are some general risks to investing in POPCAT. These include short history risk, volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk, electronic trading risk and cyber security risk. Please review the Wealthsimple Crypto Product Risk Disclosure for additional discussion of general risks associated with the crypto assets made available through the platform.

We emphasize that this Crypto Asset Statement is not exhaustive of all risks associated with trading POPCAT. Investors should perform their own assessment to determine the appropriate level of risk for their personal circumstances.

Wealthsimple is offering Crypto Contracts in reliance on a prospectus exemption contained in the exemptive relief decision Re Wealthsimple Investments Inc. dated December 18, 2023 (the Decision). 

The statutory rights of action for damages and rescission in section 130.1 of the Securities Act (Ontario), and, if applicable, similar statutory rights under securities legislation of other jurisdictions of Canada, do not apply in respect of this Crypto Asset Statement to the extent a Crypto Contract is distributed under the prospectus relief in the Decision.

Last updated: May 9, 2025