Little Puff crypto hits $13M market cap after 300% surge — what’s behind it?

Little Puff, a Solana memecoin inspired by TikTok’s most-followed cat, has surged nearly 300% since launch and now boasts a market cap of over $13 million three weeks after minting.

That Little Puff (PUFF), a new cat-themed memecoin launched on Solana (SOL) memecoin launchpad Pump.fun, has gained massive traction in recent days, rising around 60% from its May 20 low of $0.01097 to a recent high of $0.01773.

According to Solscan, PUFF (5241BV…onkJZP) was minted on April 28, making it just over three weeks old. The memecoin currently has a market cap of just over $13 million, with a circulating supply nearing 1 billion tokens. It has over 5,300 on-chain holders, and trading activity has surpassed 100,000 transfers since launch.

Since launch, PUFF price has also gained almost 300%, rising from $0.000006 to $0.01773 at its peak today, though it has since retraced to $0.01308. The price remains above key short-term moving averages, including its 10-day, 30-day, and 60-day moving averages on the 4-hour chart. This suggests continued bullish sentiment, although recent price action also points to short-term volatility as the Solana memecoin consolidates after its recent run-up.

As far as social media presence is concerned, the associated cat character is allegedly the most followed TikTok animal, currently boasting 32 million followers on TikTok and 36 million subscribers on YouTube. The memecoin’s Telegram community has grown to over 2,200 members, although its X resence remains modest at 685 followers.