📉Popcat ($POPCAT) has dropped over 40% from its 2024 high, now trading at $1.07. Increased selling pressure is evident, with exchange volumes rising 7.7% in the past week.
🔴Over 22.8% of Popcat’s supply now sits on exchanges, including Bybit, Kraken, and Gate. This trend often signals potential sell-offs as holders position for exits.
🪙With just 116,400 holders, Popcat’s adoption appears stagnant. This mirrors broader declines in the Solana meme coin sector, where market cap has dropped from $20 billion to $1.05B.
💭Day 1 diamond hands could still be on more than 6000% gains, and even more recent holders might be sitting on gains. But the recent drop and adoption shows that more drops might be incoming.
🔴Over 22.8% of Popcat’s supply now sits on exchanges, including Bybit, Kraken, and Gate. This trend often signals potential sell-offs as holders position for exits.
🪙With just 116,400 holders, Popcat’s adoption appears stagnant. This mirrors broader declines in the Solana meme coin sector, where market cap has dropped from $20 billion to $1.05B.
💭Day 1 diamond hands could still be on more than 6000% gains, and even more recent holders might be sitting on gains. But the recent drop and adoption shows that more drops might be incoming.