In the crypto world, a massive whale purchase of POPCAT tokens caught everyone’s attention, quickly pushing the altcoin’s price upward. As Turkish NY Radio reported, such large acquisitions in the meme coin market often lead to sudden price shifts. Investors have also turned their focus toward the meme coin after this surprise move. So, what’s next for the recently popular meme coin, POPCAT?
Whale’s Meme Coin Move
According to data provided by Lookonchain, a whale used $4.13 million USDC to purchase 6.11 million POPCAT tokens. These transactions occurred over the past two days, with the whale buying at an average price of $0.68 per token. Following the purchase, POPCAT’s price surged rapidly.
The Sudden Price Jump of Popular Meme Coin POPCAT
After the whale’s acquisition, POPCAT’s price skyrocketed. The meme coin is now trading at $0.74, allowing the whale to earn an 8% profit, amounting to a gain of $330,000. Such price fluctuations are common in the altcoin market, particularly in the meme coin space, where sudden moves by large investors can drive rapid price increases.
Currently, POPCAT’s price is still 25% below its all-time high, but the whale purchase signals that this meme coin could attract even more attention in the future. Whale actions in the meme coin market often lead to quick price hikes.
Solana-Based POPCAT and Its Impact
POPCAT, a meme coin launched on the Solana network, has started gaining traction despite not being listed on major exchanges yet. The coin’s listing on the Bybit platform has already helped it draw more investors, and this whale purchase only increases its exposure. Whale movements in the meme coin market tend to have significant impacts on altcoin projects like POPCAT.
With POPCAT operating on the Solana network, it has the potential to reach a broad user base. The whale’s strategic move could also inspire other meme coin projects on Solana. POPCAT’s potential listing on major exchanges looks likely, and as it reaches more investors, its liquidity and price could continue to rise.
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