The meme coin POPCAT continues to make waves in the DeFi market, breaking new records and rewarding savvy investors. On a recent surge, the price of POPCAT hit $1.45, setting a new all-time high and marking a 19% increase in the last 24 hours. This rise has caught the attention of traders, including a whale investor who has made millions from multiple trades involving the token.
Whale Trader Gains Over $4 Million
According to Lookonchain, a notable whale trader achieved a staggering 106% return on investment in less than a month. The trader spent 4.13 million USDC to purchase 6.11 million POPCAT tokens at $0.68 between September 12 and 13. With POPCAT now priced at $1.45, the whale’s holdings are valued at approximately $8.49 million, resulting in a $4.36 million profit.
The whale has profited greatly from trading POPCAT on previous occasions. The same trader made $1.47 million earlier in the year when he bought 6.05 million POPCAT tokens for 1.84 million USDC between April 21 and April 26. On September 5, the tokens were sold for a total of $3.31 million USDC, indicating another profitable transaction.
These steady gains demonstrate the profitable but volatile nature of meme coins such as POPCAT, where timely trades may yield substantial rewards in a brief amount of time.
POPCAT Price Actions
POPCAT’s popularity continues to soar as it remains a prominent meme coin in the DeFi space. The global market cap has surged by over 19%, reaching $1.42 billion, and its 24-hour trading volume has jumped by more than 75%. The token’s increasing activity on decentralized exchanges (DEXs) reflects its growing influence in the crypto market.
As meme coins like POPCAT maintain their relevance in DeFi, traders continue to monitor their price movements for potential opportunities. Despite the inherent risks, POPCAT’s current rally is a testament to the high rewards that can come from timely investments in the world of decentralized finance.