Whale Buys Large Amount of Surprise Memecoin, Price Surges!

Last updated: September 14, 2024 11:39 am

Published September 14, 2024

A crypto whale made a large purchase of a memecoin, causing the altcoin’s price to surge suddenly.

According to data provided by crypto analytics company Lookonchain, a major crypto whale bought a significant amount of a memecoin.

The whale spent $4.13 million USDC to purchase a total of 6.11 million POPCAT tokens.

The whale’s average purchase price was $0.68, and the buying spree has been ongoing for the past two days.

Interestingly, after the whale’s purchases, POPCAT experienced a significant price rise. As of this writing, the token is trading at $0.74, meaning the whale has made approximately 8%, or $330,000, in profit since the last purchase.

POPCAT, a Solana-based altcoin, was launched before the Solana memecoin craze began. However, despite its recent price surge, the token is currently only listed on Bybit and not on other major centralized crypto exchanges.

At the time of writing, POPCAT is trading 25% below its all-time high.

For more updates on memecoins and the latest in crypto news, follow Deythere.

POPCAT whale purchase, memecoin price surge, Solana memecoin, Bybit memecoin trading,

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ByBenedikt Krüger

Benedikt Krüger is a seasoned blockchain developer and cryptocurrency analyst with 10 years of experience in the field. Starting his career in software development, Benedikt quickly transitioned into blockchain technology, where he has worked on several pioneering projects, including the development of secure blockchain networks and decentralized platforms. His expertise includes blockchain security, cryptographic protocols, and the technical underpinnings of cryptocurrency systems. At DT NEWS, Benedikt provides readers with in-depth technical analysis and expert commentary on the latest trends in the blockchain and cryptocurrency industries, ensuring they stay ahead of the curve in this fast-paced sector.