The post Popcat surges 12% to a monthly high amid whale accumulation appeared on BitcoinEthereumNews.com.

Key Takeaways Popcat soared 12.89% to a monthly high of $0.41 before retracing to $0.39. At the same time, whales increased their holdings by 43.57% to $634.09 million. Popcat [POPCAT] soared 12.89% bouncing off its recent low of $0.34 to a monthly high of $0.4117, then retraced to $0.39 by press time.  Over the same period, the memecoin’s trading volume hiked by 76.23% to $100 million, reflecting growing on-chain activity.  What’s behind Popcat’s continued uptick? Popcat whales drive the rally  After pushing Popcat for a breakout from consolidation four days ago, whales returned, attempting another leg up.  According to Nansen, top holders rose by 43.57%, reaching 634.09 million as of this writing. This propelled top addresses to 64.67% of the total supply held.  Source: Nansen Thus, large holders bought 3.76 million tokens while they offloaded 2.64 million. As a result, Popcat whales recorded a positive Balance Change of 1.21 million.  A positive balance typically indicates that whales are aggressively buying, a clear sign of market conviction among large entities.  Source: CoinGlass In return, exchanges also recorded more outflows than inflows as whales reduced exchange activity. According to Coinglass, Netflow dipped to -$46k, extending a four-day exchange netflow decline, further confirming aggressive accumulation.  Futures eye more gains too  As Popcat jumped to a monthly high, investors rushed into the market to take strategic positions.  According to Coinalyze, Long/Short Ratio surged to 2.361, implying a higher demand for long positions. As such, longs accounted for 70.85% while shorts accounted for 29.15% of the total positions.  Source: Coinalyze When long positions dominate, it suggests that investors are actively betting that prices will continue to rise. This is a clear sign of market conviction across Futures participants.  Retailers are cashing out aggressively  Surprisingly, while whales are accumulating, small-scale investors are closing their positions. According…

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Filed under: News - @ July 15, 2025 12:26 am