Popcat (POPCAT) Outperforms Dogecoin (DOGE) and Shiba Inu (SHIB), Renewing Calls for a 'Cat Season'
- Mary-Kate OlsenOriginal
- 2024-10-09 00:06:12785browse
On-chain analytics platform Lookonchain highlighted traders booking significant profits with Solana SOL/USD meme coin Popcat POPCAT/USD, which could go higher still, according to analysts.
A trader highlighted significant profits being booked by traders with Solana (CRYPTO: SOL) meme coin Popcat (CRYPTO: POPCAT), which could go higher still, according to analysts.
One trader executed eight trades since Aug. 20, all of which have been profitable, resulting in a total profit of over $1 million.
Another whale recently sold 2.66 million POPCAT, for $3.61 million at $1.36, leaving him with 3.45 million POPCAT, valued at around $4.48 million. The trader made a profit of around $3.96 million.
When Popcat prices broke its all-time high of $1.4 on Oct. 6, the same whale booked a profit of $4.4 million, after having purchased 6.1 million POPCAT (at $0.68) on Sep. 12 and Sep. 13 by spending 4.13 million USDC (CRYPTO: USDC).
Also Read: Cat Coins Popcat, MEW Eat Dogecoin’s, Shiba Inu’s Lunch With Gains Of Over 30%: What Is Going On?
With Popcat prices dropping 12.3% over the past 24 hours, crypto trader Posty stated that if the prices get a "pull back/wick to the buy zone, it would be a blessing."
Other traders are focusing on buy zones below $1.
$POPCAT LONG PLAN.
I will be a buyer again between $0.8-0.9.
If it does not come, I have already made good money in this one.
#POPCAT pic.twitter.com/ifkrTD9dnV
Popcat has outperformed meme coin rivals like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), renewing calls for a “cat season” with cat-themed meme coins outperforimg dog-themed ones.
The influence of meme coins is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.
Photo: Shutterstock
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