CandleFocus Popcat price slips as smart money sells, exchange balances rise
2024-12-11
Author: Content Editor
The price of Popcat, the third-largest meme coin on the Solana network, has dropped over 40% from its highest point this year, signaling increased selling pressure. Data shows that the volume of Popcat coins on exchanges has risen by 7.7% in the last seven days, indicating potential selling by holders. The number of smart money investors holding Popcat has decreased significantly, with many taking profits or reallocating to other cryptocurrencies. The number of Popcat holders is also not growing, and overall Solana meme coins have seen a decline in market capitalization. The price chart suggests a bearish outlook, with the potential for further decline and sellers targeting the $0.50 price level.
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