Key Points
- Crypto whale makes over $1.2 million buying POPCAT.
- Today, the token price is up by over 22%.
According to the latest reports from Lookonchain, a smart money whale gained over $1.2 million in unrealized profit buying the memecoin POPCAT.
In a new post via X, Lookonchain detailed that the whale spent 4.13 million USDC to buy 6.11 million POPCAT tokens at $0.68 on September 12 and September 13, worth around $5.32 million earlier today.
When the post was made on social media, the trader had an unrealized profit of $1.21 million on POPCAT buying.
On September 13, Lookonchain noted that the whale had made the POPCAT purchase via two wallets on that day and the previous one.
POPCAT's price continues to rise, taking the whale's profits even higher today.
POPCAT Surged by 22% Today
At the moment of writing this article, POPCAT is trading above $0.87, up by over 22% in the past 24 hours.
The token's total market cap now is almost $856 million.
POPCAT's price surged along the revived memecoin frenzy triggered by the First Neiro on Ethereum token, a project that saw a community takeover and surged significantly during the past few days.
Solana just revealed the Solana Seekeer in their post via X today. This is a Web3 mobile device and at its heart is the Seed Vault wallet, designed for top-tier security.
What is POPCAT?
POPCAT is a memecoin on Solana that managed to gain attention in the crypto space. The memecoin has a token supply of almost 980 million.
