Date: Fri, Sept 13, 2024, 06:26 PM GMT
Popcat (POPCAT) Surges Following Recent Whale Accumulation
Date: Fri, Sept 13, 2024, 11:03 AM GMT
The cryptocurrency market is buzzing today with excitement. Bitcoin (BTC) has risen by 2.56%, approaching the $60K mark, fueling a broader bullish sentiment. Amid this positive momentum, Popcat (POPCAT), a memecoin based on the Solana network, has seen a remarkable 11% surge in the past 24 hours. The token’s market capitalization has now hit $715 million.
This impressive rally seems to be linked to recent whale activity. According to Lookonchain monitoring, a significant player in the market has been on a buying spree. Over the past two days, this whale has invested $4.13 million in USDC to acquire 6.11 million POPCAT tokens at an average price of $0.68. These purchases were spread across two wallets.
This smart money has spent 4.13M $USDC to buy 6.11M $POPCAT at an average price of $0.68 through 2 wallets in the past 2 days!
— Lookonchain (@lookonchain) September 13, 2024
Address:https://t.co/Or4O9Xx6TQhttps://t.co/ahP5w9Zs4zhttps://t.co/iRLSfIKLSb pic.twitter.com/CV8b6GvLwZ
This whale accumulation might be fueling the surge in POPCAT’s price, as investors take note of these large transactions and anticipate further upward momentum.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial advice.