POPCAT Listed on Binance, Whale Purchases 10 Million Tokens.
The post POPCAT Listed on Binance; Whale Purchases 10 Million Tokens on August 22, 2024, Binance, the world’s largest cryptocurrency exchange, announced the debut of Solana-based meme coin Popcat (POPCAT) everlasting contracts. Following the announcement, a crypto whale withdrew 39,816 SOL ($5.73 million) from Binance and purchased approximately 10 million POPCAT tokens.
Crazy purchase of $POPCAT!After #Binance announced the opening of $POPCAT perpetual contracts, a whale withdrew 39,816 $SOL ($5.73M) from #Binance to acquire $10 million.
$POPCAT!https://t.co/smN6cNogIo pic.twitter.com/E3zMHy6Qoh.
Lookonchain (@lookonchain), August 22. 2024
Whale Purchases POPCAT Following Listing Announcement.
This insane buying indicates that POPCAT may enjoy a strong rally in the coming days. At press time, it was trading near $0.574 and had risen by more than 32% in the previous 24 hours. Meanwhile, POPCAT’s trading volume has increased by 225% during the same time period, showing increased activity from traders following the listing announcement.
Furthermore, its open interest
According to on-chain analytics firm CoinGlass, the price has climbed by 35% in the last 24 hours, showing greater interest from investors and dealers.
POPCAT Price Predictions for August 2024
According to expert technical analysis, POPCAT is bullish and is approaching a critical resistance level of $0.643. However, the previous time POPCAT reached this level, it saw a more than 40% price loss, falling to $0.38.
Source: Trading View.
This time, the attitude for POPCAT is positive, and the daily chart shows a bullish double-bottom price action pattern. If it closes a daily candle over $0.69, there is a good chance it will rise by 40% to $1 or higher.
Major Liquidation Level
According to CoinGlass, the significant liquidation levels are currently approaching $0.542 on the lower side and $0.60 on the upper side, reflecting traders’ heavy leverage in the last 24 hours.
If sentiment remains stable and the price increases to the $0.60 level, approximately The $672.84K long position will be liquidated. Conversely, if the attitude shifts and the POPCAT price falls to the $0.542 level, almost $1.34 million in short positions will be liquidated
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
x : cryptomantr