The memecoin market has been on fire in 2024, with tokens like $POPCAT and $BRETT posting astronomical returns.
According to data from Gate.io, $POPCAT has delivered an impressive 205x gain, while $BRETT isn’t far behind, recording a 184x increase. These tokens have captured the attention of both retail traders and whales alike, driving a surge in activity.
In 2024, #memecoin is booming, with $POPCAT, $BRETT, and others achieving impressive gains! 🔥
Check out TOP 10 Memecoin with the highest gains of 2024 below 👇️
$_____ was the best to 𝐇𝐎𝐃𝐋 this year! pic.twitter.com/9hCbm9rHLH
— Gate.io (@gate_io) September 19, 2024
Among the top 100 coins by market cap, Solana-based memecoin $POPCAT has become the top gainer, skyrocketing by 40% in just 24 hours. Its rapid price movement has positioned it as a standout in the memecoin space, garnering attention from major investors.
🚨 LATEST: Solana memecoin $POPCAT becomes the #1 gainer among the top 100 coins by market cap. pic.twitter.com/ehpNZneU4m
— SolanaFloor (@SolanaFloor) September 19, 2024
Whale Investor Hits Major Profit On $POPCAT
One particularly smart whale has once again cashed in big on $POPCAT. This investor purchased 6.11 million $POPCAT tokens between September 12 and 13, spending a total of 4.13 million USDC at an average price of $0.68 per token. Now, just days later, the value of their $POPCAT holdings has surged to $5.32 million, leaving the whale with an unrealized profit of $1.21 million.
The smart whale made more than $1.2M on $POPCAT again!
He spent 4.13M $USDC to buy 6.11M $POPCAT at $0.68 on Sept 12 and Sept 13, now worth $5.32M, with an unrealized profit of $1.21M!https://t.co/lwNqWGB6Ib pic.twitter.com/IbDQy3DRcJ
— Lookonchain (@lookonchain) September 19, 2024
With memecoins continuing to dominate the market, many traders are keeping a close eye on $POPCAT and other tokens for potential future gains. While the high volatility of these tokens can present risks, their massive price increases have proven to be highly lucrative for those who time the market correctly.
As 2024 progresses, memecoins like $POPCAT are showing no signs of slowing down, and it will be interesting to see how long these impressive gains can be sustained in such a fast-moving and speculative market.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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