Popcat [POPCAT] recorded a 16% increase thanks to whale accumulation and growth in derivatives trading.
This memecoin has strong on-chain activity and an increase in trading volume, creating positive price momentum but still carries risks from profit-taking and market volatility.
MAIN CONTENT
Popcat whales are increasing their accumulation, with holdings reaching $634.39 million.
Derivatives trading has surged with Open Interest reaching $172.9 million, reflecting confidence in the upward trend.
Investors are starting to take profits, leading to increased selling pressure, which is weighing heavily on the price increase.
How strongly are Popcat whales accumulating?
Data from Nansen shows that top whales of Popcat have increased their holdings to 14.28%, reaching $634.39 million, reflecting strong confidence in the growth potential of this memecoin.
On July 10, whales bought an additional 8.5 million tokens, bringing the total holdings of this group to 64.74%. This large accumulation reflects expectations of continued price increases and indicates that this is a good time to buy.
The strong increase in the number of tokens held by whales on Popcat indicates a long-term investment strategy and confidence in the memecoin's price appreciation potential.
Nansen analyst, July 2025
How do Popcat's derivatives trading affect price trends?
Open Interest (OI) of Popcat reached $172.9 million, up 19.3%, along with derivatives trading volume increasing by 94.55% to $551.34 million according to CoinGlass, indicating that derivatives trading is very active and attractive.
The Long-Short ratio of Popcat exceeds 1.1313 on major exchanges, demonstrating higher demand for Long positions, indicating investors' confidence in the token's price appreciation potential.
How are investors reacting to Popcat's price increase?
The price increase has encouraged investors to take profits, causing Spot Netflow to rise from $278,000 to $485.9 thousand before a slight decline according to CoinGlass data.
This indicates a temporary sell-off phenomenon, evidenced by an 11.92% increase in supply on exchanges reaching $404.2 million, showing significant selling pressure from some investors.
Does Popcat have the potential to maintain its upward momentum and reach target price levels?
According to TinTucBitcoin analysis, Popcat is experiencing strong upward momentum with the Stochastic RSI reaching 86.73, indicating high upward momentum, while also warning of potential volatility risks and possible buyer fatigue.
RSI reached a value of 54, falling within the positive zone, confirming strong demand. If market sentiment stabilizes, the price could conquer $0.36 to aim for the $0.40 target.
However, if the profit-taking trend continues, selling pressure will cause Popcat to drop back to the $0.28 support level.
"Technical indicators show positive momentum but also raise warnings about the risk of corrections when prices reach overbought territory."
TinTucBitcoin analyst, July 15, 2025
Frequently Asked Questions
What is Popcat and why does it attract attention? Popcat is a prominent memecoin with an increase in whale holdings and active derivatives trading, creating appeal among professional investors. What are the Popcat whales doing in the market? Whales are increasing their token accumulation, raising their holdings to over $634 million, reflecting confidence in long-term price increases. What does the rising Open Interest mean for Popcat? The strong increase in Open Interest indicates high derivatives trading activity, reflecting expectations of continued price increases. How to assess the current price surge of Popcat? The Stochastic RSI and RSI indicators show a clear upward momentum but also warn of potential volatility risks and profit-taking. How much can Popcat's price rise in the short term? If positive sentiment is maintained, Popcat could challenge the $0.40 level; conversely, selling pressure could pull the price back to the $0.28 support.
Source: https://tintucbitcoin.com/popcat-tang-16-huong-040-usd/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
