A whale made $4.36M on $POPCAT this month as the token Price surged past $1.4, gaining a massive 106% return on investment.
The meme-based cryptocurrency, $POPCAT, has once again captured the crypto space’s attention, with its price breaking through the $1.4 mark, a new all-time high.
Furthermore, this surge spiked by large-scale purchases by prominent “whales,” who are now reaping the rewards of their wise investments.
One particularly notable whale, identified through the Solana blockchain explorer Solscan, purchased a staggering 6.11 million $POPCAT tokens on September 12th and 13th. Additionally, this acquisition, totaling 4.13 million $USDC, was made at an average price of $0.68 across two distinct wallets.
The whale’s foresight validated their investment which is now worth a remarkable $8.49 million, a 106% return in less than a month.
This is not an isolated incident. Another significant whale, recognized for a previous $1.47 million profit on $POPCAT, invested 1.6 million $USDC in the cryptocurrency on September 12th. This purchase secured 2.36 million $POPCAT tokens at $0.68.
The whale’s past success, having bought 6.05 million $POPCAT tokens between April 21st and April 26th for 1.84 million $USDC and selling them on September 5th for 3.31 million $USDC, indicates a keen understanding of the $POPCAT market and potential.
The recent influx of whale activity suggests a strong belief in $POPCAT’s future value. Firstly, the $POPCAT token’s unique meme-driven appeal continues to attract a devoted community, providing a strong foundation for growth. Secondly, the meme-driven nature of the token fosters a high degree of volatility, creating opportunities for large profits for those who can accurately predict the market.
Solana $POPCAT Surge by 20% After Kraken Listing
Back in September 2024, POPCAT has recently surged, showing a 19.7% increase in the last 24 hours, making it the top gainer among the top 100 coins by market capitalization.
Additionally, Memecoins are often associated with volatility and short-term gains, but POPCAT seems to be transcending this stereotype.
Furthermore, its strong community engagement and the potential for practical applications within the Solana ecosystem suggest a more sustainable future for the project.
The recent listing on Kraken, a reputable cryptocurrency exchange, further solidifies POPCAT’s legitimacy and provides a gateway for wider adoption.
The project’s unique theme, centered around the iconic “Popcat” meme, resonates with a broad audience. This lighthearted approach, combined with its growing utility within the Solana ecosystem, has captivated investors and propelled POPCAT to the forefront of the meme coin market.
