Date: Thu, Sept 19, 2024, 06:42 AM GMT
The cryptocurrency market is buzzing with excitement as it rides a bullish wave. This rally comes after the U.S. Federal Reserve made a monumental decision to cut interest rates by 50 basis points. Following the news, Bitcoin (BTC) surged by 2.97% in the past 24 hours, pushing its price above $62,000.
But it’s not just Bitcoin grabbing the spotlight—memecoins are also experiencing a strong rally. One of the biggest winners is Popcat (POPCAT), the Solana-based memecoin that ranks among the top 10. In the last 24 hours, Popcat surged by an impressive 22.37%, and over the past 7 days, it has gained 39%, taking its current price to $0.8678 as per coinmarketcap.
Adding to the excitement, Lookonchain reported a major move from a savvy investor. A whale made a whopping $1.2 million profit from Popcat! The investor spent 4.13 million USDC to buy 6.11 million POPCAT at $0.68 between September 12 and 13. Now, those tokens are worth $5.32 million, giving the whale an unrealized profit of $1.21 million!
The smart whale made more than $1.2M on $POPCAT again!
— Lookonchain (@lookonchain) September 19, 2024
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
Popcat’s surge shows the growing momentum of memecoins, and with the broader market reacting positively to economic changes, this could be just the beginning.
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