Solana -based Popcat Token, despite fluctuations in the crypto money market, gained 63 %per week. In particular, a large investor’s sales move and the Solana support of Coinbase were decisive factors in this remarkable rise. However, experts warn investors to be careful about the continuation of this rapid price increase.
Great investor sold 10 million tokens
According to market data, one of the early investors of Popcat Token transferred 10 million tokens to the Bybit stock exchange worth $ 3.15 million. This means that the investor sells almost all of the tokens in his hand.
The said investor entered the market by acquiring a large amount of Popcat in December 2023. In the early period, the investor, who made purchases at low prices, made significant gains with this move. The last sales process led to fluctuations in the token price and created a possible retreat among market observers.
On a single screen instant prices, important data, news, latest developments, comments and discussions at Chat! Come right away from your eyes!
During this sales process, Popcat Token’s 24 -hour price range ranged from 0.2837 to $ 0.3511. Although there was an increase of 8 %in the same process, investors began to be cautious about the sustainability of the price.
Coinbase support accelerated rise
Coinbase’s support for Solana Blockchain -based tokens positively affected the price of Popcat Token. This development increased the purchase volume, especially by increasing the interest of short -term investors. The rising demand contributed to Popcat Token’s strong performance during the week.
In addition, the value of the positions opened in the futures market increased by 7 %and reached $ 167.88 million. This data indicates that investors see the rise as an opportunity. However, experienced market analyst Altcryptogems stressed that investors should be careful.
“The short -term rise in the Popcat price was made thanks to the demand for the highest level of all time,” Analyst Altcryptogems said. This assessment of the analyst encouraged investors not to behave in a hurry and to follow more pronounced reverse turning signals.
Sudden mobility in the token price made careful risk management once again important. Following market trends closely stands out as the key to making healthy decisions for investors.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
