Popcat (POPCAT) Crypto Trader Makes $4.36M Profit in Less Than a Month

Solana’s Popcat (POPCAT) is a Solana-based meme coin that has performed 106% in less than a month. During this momentum, a crypto trader made $4.36M.

Solana’s Popcat (POPCAT) is a meme coin that has performed 106% in less than a month, and a crypto trader has made $4.36 Million from this momentum.

A Look at the Popcat Price Surge and This High-Quality Profitable Trade

According to Lookonchain, a crypto whale purchased 6.11 million Popcat tokens between September 12 and September 13 at an average price of $0.68. With a significant upward momentum since then, Popcat has reached an all-time high of $1.48 today. The increase enabled the trader to gain $4.36 Million in profit in less than a month. Their holdings increased from $4.13 Million to $8.49 Million.

The trader’s largest transaction and his profitable history were revealed by Lookonchain. The trader has previously made a sizable profit from Popcat.

The trader previously purchased 6.05 million POPCAT and made $1.47 Million. With the recent Popcat surge, this investor achieved profitability once more.

Popcat Price Analysis and Forecast Based on Chart

When writing, the POPCAT crypto was trading at $1.23, which has dropped by 3.49% over the past 24 hours. The market capitalization was $1.20 Billion, and the 24-hour trading volume was $183.95 Million.

The POPCAT price has remained positive since the first week of October. It recorded a new all-time high of $1.48 on October 7, 2024, and displayed a mild fall.

The POPCAT surged around 32048.00% from its all-time low. The price has witnessed continuous gain. Also, according to some analysts, it has the potential to soar soon after a pullback.

POPCAT Price Trend and Market Risk

Its rapid growth is on track, based on the recent trend of meme coins becoming increasingly popular and gaining market traction.

Being launched on the Solana blockchain means Popcat benefits from Solana’s features, like high transaction speed. Low prices are also guaranteed when purchasing the meme coin.

Features like these are more likely to draw in a sizable trading community. Popcat is the seventh-largest meme token in the cryptocurrency market, with a market value of over $1 Billion.

Based on the chart structure and some technical indicators, the POPCAT is overbought, and a dip can be expected. If buyers lose momentum, the price may take support at the $1.07 and $0.90 levels. Once the price loses this level, buyers could panic. However, the overall trend is positive.

These vast profits from investors suggest that the meme coin may generate more opportunities if someone analyzes the market well.

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