$POPCAT Drops 18% to Free x2 Amid Optimism for Rebound Following Multiple >-70% Drops

$POPCAT has experienced a significant decline, dropping 18% as of August 2, 2024. Despite this downturn, some investors remain optimistic, suggesting that the current price offers a buying opportunity. Notably, one user highlighted that $POPCAT is currently trading at a free x2, indicating potential for a rebound. Analysts are monitoring the situation closely, with one trader indicating that the stock may set up for a reversion trade in the coming week, provided it does not fall further. Another commentator noted that holders of leading meme stocks, including $POPCAT, are often unfazed by substantial drops, as these assets have historically recovered after significant declines. Overall, the sentiment among some traders is to wait for the market to stabilize before making further moves.