Solana meme coin $POPCAT (@POPCATSOLANA) has surged 11% in the last 24 hours, making it the top gainer among the top 100 coins by market cap.
The sudden spike in value has attracted attention from investors, particularly smart money that has been buying up $POPCAT in significant amounts.
NEW: SOLANA MEMECOIN $POPCAT (@POPCATSOLANA) BECOMES THE BIGGEST 24H GAINER AMONGST THE TOP 100 TOKENS pic.twitter.com/308iYrYkE0
— DEGEN NEWS (@DegenerateNews) September 14, 2024
Over the past two days, a savvy trader spent 4.13 million $USDC to purchase 6.11 million $POPCAT at an average price of $0.68. These transactions were executed through two separate wallets, showcasing a strategic move to capitalize on the meme coin’s rising momentum.
This smart money has spent 4.13M $USDC to buy 6.11M $POPCAT at an average price of $0.68 through 2 wallets in the past 2 days!
Address:https://t.co/Or4O9Xx6TQhttps://t.co/ahP5w9Zs4zhttps://t.co/iRLSfIKLSb pic.twitter.com/CV8b6GvLwZ
— Lookonchain (@lookonchain) September 13, 2024
Meanwhile, whale activity in the Solana ecosystem has also picked up steam. A whale recently bought an additional 10,000 $SOL, worth approximately $1.37 million, and staked it just 11 hours ago. This is part of a broader pattern for the whale, who has been steadily accumulating and staking $SOL over the past month.
This Whale Has Acquired 50,000 $SOL Over Last 30 Days
In total, this whale has acquired and staked 50,000 $SOL, valued at $6.85 million, over the last 30 days. The staking rewards have already generated 174 $SOL, equivalent to $23.7K, providing a lucrative return for the whale’s staking strategy.
A whale bought another 10,000 $SOL($1.37M) and staked 11 hours ago!
In the past month, this whale has bought and staked a total of 50,000 $SOL($6.85M), generating 174 $SOL($23.7K) in rewards.https://t.co/1YCSgze4nv pic.twitter.com/X2p4hatV5e
— Lookonchain (@lookonchain) September 14, 2024
With $POPCAT climbing rapidly and whales staking large amounts of $SOL, it’s clear that both meme tokens and blue-chip coins on the Solana network are seeing increased activity. As investors look to take advantage of these trends, $POPCAT and $SOL could continue to dominate discussions in the crypto space. Whether the meme coin surge will last remains to be seen, but for now, both assets are seeing significant gains.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any stocks.
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