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,
