{"id":641604,"date":"2024-09-13T08:00:45","date_gmt":"2024-09-13T08:00:45","guid":{"rendered":"https:\/\/uniquehot.com\/?p=641604"},"modified":"2024-09-12T17:46:30","modified_gmt":"2024-09-12T17:46:30","slug":"popcat-jumps-20-as-whales-load-their-bags-is-a-cat-season-ahead","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/popcat-jumps-20-as-whales-load-their-bags-is-a-cat-season-ahead\/","title":{"rendered":"POPCAT Jumps 20% As Whales Load Their Bags, Is A \u2018Cat Season\u2019 Ahead?"},"content":{"rendered":"

Solana-based memecoin POPCAT has become a market sensation in the last few months. The token has led the feline sector, becoming the first cat-themed cryptocurrency to reach a $1 billion market capitalization. Whales have noticed the token\u2019s recent performance, loading their bags with millions of tokens in the last few days.<\/p>\n

Related Reading: Failed Solana Token Scheme? Hacker Targets 2.6 Million Indian Cricket Fans With X Scam<\/a><\/div>\n

Whales Go Popping Their Bags<\/h2>\n

On-chain analytics firm Lookonchain revealed that a crypto whale had purchased millions of POPCAT today. The purchase was made by an investor who previously held the memecoin but sold its holdings earlier this month.<\/p>\n

Per the report, the whale bought<\/a> 2.36 million POPCAT in the early hours of Thursday at an average price of $0.68. The address swapped 1.47 million USDC in 9 transactions varying from 150,000 to 200,000 USDC.<\/p>\n

After Lookonchain\u2019s post, the investor purchased another 299,345 tokens for 200,000 USDC. In the past eight hours, the whale acquired a total of $2.66 million POPCAT, worth $1.75 million, at an average price of $0.65.<\/p>\n

The on-chain data firm also noted that this address purchased 6.05 million POPCAT between April 21 and April 26. At the time, the investor spent 1.84 million USDC for the memecoin<\/a>. However, they sold the tokens a week ago for 3.31 million USDC, making a profit of over $1.47 million in the stablecoin.<\/p>\n

Similarly, online reports revealed<\/a> that another whale address has been on a shopping spree for the last three days. This address bought 5.67 million tokens on Monday, worth around $3 million, in three Dollar-cost averaging (DCA) transactions.<\/p>\n

Since then, the investor has continued to purchase the cat-themed memecoin, acquiring another 470,000 tokens today, valued at $308,000. As a result, the address now holds a total of 6.14 million POPCAT, worth $3.88 million.<\/p>\n

Is Popcat About To Lead The \u2018Cat Season\u2019?<\/h2>\n

Following the whales\u2019 transactions, POPCAT\u2019s daily activity surged 25%, jumping to a daily trading volume of $151 million. The memecoin\u2019s<\/a> price also saw a significant 20% increase, hitting the $0.067 mark earlier today.<\/p>\n

The token\u2019s performance made POPCAT the largest gainer among the top 10 memecoins, leading the sectors\u2019 rally. Additionally, it became the largest daily gainer among the 100 cryptocurrencies by market cap, seemingly fueling a bullish sentiment among investors.<\/p>\n

Some market watchers noted that the memecoin has been in \u201can uptrend ever since\u201d the rest of the market started its downtrend in March. The cat-themed token displays green numbers in the longer timeframes, registering 17%, 139%, and 110% increases in the one-month, three-month, and six-month timeframes.<\/p>\n

Sjuul from AltCryptoGems highlighted<\/a> POPCAT\u2019s performance throughout September, bouncing from the $0.45 zone before reclaiming the $0.55 support level in the last seven days.<\/p>\n

Previously, the trader noted that the cryptocurrency failed<\/a> to reclaim the $0.7 resistance level as August ended, resulting in a price drop to the $0.55 support zone. The token\u2019s price continued to fall below the $0.50 mark in the following days.<\/p>\n

According to the post, the memecoin continued<\/a> to move inside a bullish structure despite the dip. However, the trader deemed that investors should watch out for key support levels at the $0.50 and $0.40-40.45 ranges in the following weeks.<\/p>\n

Related Reading: Altcoins About To Take Over? Analyst Suggests Time To Accumulate Will End Soon<\/a><\/div>\n

To Sjuul \u201cbouncing at either one of these two levels would imply that bulls are still in control of the market structure.\u201d This would ensure that the memecoin forms a \u201cnew higher low on the high time frame,\u201d opening \u201cthe gate to a further push into resistance” and could ultimately lead to a massive rally.<\/p>\n

As of this writing, the cryptocurrency has reclaimed the $0.65 price range, currently trading at $0.655.<\/p>\n

\"POPCAT,<\/p>\n

POPCAT's performance in the weekly-chart. Source: POPCATUSDT on TradingView<\/a><\/pre>\n
Featured Image from Unsplash.com, Chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Solana-based memecoin POPCAT has become a market sensation in the last few months. The token has led the feline sector, becoming the first cat-themed cryptocurrency to reach a $1 billion market capitalization. Whales have noticed the token\u2019s recent performance, loading their bags with millions of tokens in the last few days. Related Reading: Failed Solana Token Scheme? Hacker Targets 2.6 Million Indian Cricket Fans With X Scam Whales Go Popping Their Bags On-chain analytics firm Lookonchain revealed that a crypto whale had purchased millions of POPCAT today. The purchase was made by an investor who previously held the memecoin but sold its holdings earlier this month. Per the report, the whale bought 2.36 million POPCAT in the early hours of Thursday at an average price of $0.68. The address swapped 1.47 million USDC in 9 transactions varying from 150,000 to 200,000 USDC. After Lookonchain\u2019s post, the investor purchased another 299,345 tokens for 200,000 USDC. In the past eight hours, the whale acquired a total of $2.66 million POPCAT, worth $1.75 million, at an average price of $0.65. The on-chain data firm also noted that this address purchased 6.05 million POPCAT between April 21 and April 26. At the time, the investor spent 1.84 million USDC for the memecoin. However, they sold the tokens a week ago for 3.31 million USDC, making a profit of over $1.47 million in the stablecoin. Similarly, online reports revealed that another whale address has been on a shopping spree for the last three days. This address bought 5.67 million tokens on Monday, worth around $3 million, in three Dollar-cost averaging (DCA) transactions. Since then, the investor has continued to purchase the cat-themed memecoin, acquiring another 470,000 tokens today, valued at $308,000. As a result, the address now holds a total of 6.14 million POPCAT, worth $3.88 million. Is Popcat About To Lead The \u2018Cat Season\u2019? Following the whales\u2019 transactions, POPCAT\u2019s daily activity surged 25%, jumping to a daily trading volume of $151 million. The memecoin\u2019s price also saw a significant 20% increase, hitting the $0.067 mark earlier today. The token\u2019s performance made POPCAT the largest gainer among the top 10 memecoins, leading the sectors\u2019 rally. Additionally, it became the largest daily gainer among the 100 cryptocurrencies by market cap, seemingly fueling a bullish sentiment among investors. Some market watchers noted that the memecoin has been in \u201can uptrend ever since\u201d the rest of the market started its downtrend in March. The cat-themed token displays green numbers in the longer timeframes, registering 17%, 139%, and 110% increases in the one-month, three-month, and six-month timeframes. Sjuul from AltCryptoGems highlighted POPCAT\u2019s performance throughout September, bouncing from the $0.45 zone before reclaiming the $0.55 support level in the last seven days. Previously, the trader noted that the cryptocurrency failed to reclaim the $0.7 resistance level as August ended, resulting in a price drop to the $0.55 support zone. The token\u2019s price continued to fall below the $0.50 mark in the following days. According to the post, the memecoin continued to move inside a bullish structure despite the dip. However, the trader deemed that investors should watch out for key support levels at the $0.50 and $0.40-40.45 ranges in the following weeks. Related Reading: Altcoins About To Take Over? Analyst Suggests Time To Accumulate Will End Soon To Sjuul \u201cbouncing at either one of these two levels would imply that bulls are still in control of the market structure.\u201d This would ensure that the memecoin forms a \u201cnew higher low on the high time frame,\u201d opening \u201cthe gate to a further push into resistance” and could ultimately lead to a massive rally. As of this writing, the cryptocurrency has reclaimed the $0.65 price range, currently trading at $0.655. POPCAT’s performance in the weekly-chart. Source: POPCATUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com<\/p>\n","protected":false},"author":614,"featured_media":608992,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[93044,92808,26263,10923,89756,85279,92951,91898,92207,12837,83626,87684,92653,16680],"class_list":["post-641604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cat-themed-memecoin","tag-cat-themed-token","tag-crypto-analyst","tag-crypto-market","tag-crypto-trader","tag-crypto-whale","tag-memecoin-frenzy","tag-popcat","tag-popcatusdt","tag-sol","tag-solana","tag-solana-memecoin","tag-solana-token","tag-usdc"],"acf":[],"yoast_head":"\nPOPCAT Jumps 20% As Whales Load Their Bags<\/title>\n<meta name=\"description\" content=\"Whales have turned their eyes to the 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. 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