After a purchase of Popcat for $630,000, FDV briefly exceeded $1 billion, thereby winning the Polymarket bet

The memecoin themed on cats, Popcat, briefly surpassed a fully diluted market value (FDV) of 1 billion dollars after a purchase worth 630,000 dollars, thereby winning the bet on Polymarket.

Although this transaction raised some traders' suspicions about market manipulation, the buyer Wiftardio denied that his purchase was related to the bet. On-chain data shows that Wiftardio's wallet holds nearly 19 million dollars in various memecoins, including 7.7 million dollars in dogwifhat, 2 million dollars in Billy and 5 million dollars in Popcat.

After the transaction, Popcat's market value fell below one billion again and is currently fluctuating around nine hundred million.