The post Whale Makes Bold Move With $1.29M in POPCAT After Losing $611K in the Same Token appeared on BitcoinEthereumNews.com.

In a particularly high-stake move, a whale investor who lost $611,000 on cryptocurrency $POPCAT paid 8,644 SOL ($1.29 million) to repurchase 1.3 million $POPCAT tokens in an attempt for a financial rebound.  This massive exchange was brought to the attention of Lookonchain, a blockchain analytics platform that captures the actions of whales and significant changes in the market. The whale bought the POPCAT tokens at $1 each after losing 45% on the investment.  Current POPCAT Price Situation and Market Cap  The price of POPCAT today is $1.02, with an upward price movement of 10.2 % in the last 24 hours. It has a relatively high diluted valuation, and the market cap is nearly 1 billion USD, so the cryptocurrency is gaining popularity. The 24-hour trading volume comes at $135 million, confirming high traffic regarding POPCAT. The prices in the last three months have oscillated, depicting the market instability that the holders of $POPCAT have experienced, from the highest of 1.07$ to the lowest of 0.87$ within the last 24 hours. For instance, in the earlier dips and surges in July, the investor lost 1.69 million POPCAT tokens, equivalent to huge losses. Still, the new investment implies a revival of confidence in the cryptocurrency to bounce back and even boom. Current trade data reveal more volume than before, with $135 million of POPCAT sold on the last day. The total quantity of $POPCAT is approximately 980 million tokens. It is also up to the market capitalization range, which means that the total outstanding share is also included. Will the Whale’s Risk Pay Off While the whale’s new investment caught the crypto community’s attention, the big question remains: Can Whale make money on $POPCAT this time? This action is very dangerous, to say the least, but it also shows that investing in…

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Filed under: News - @ September 25, 2024 3:21 pm