Popcat Token Sees Bullish Momentum Following Coinbase Listing

The Popcat token has been experiencing a bullish trend since its listing on Coinbase on February 13. The token, also known as POPKAT, saw its price surge by nearly 30% on the day of its Coinbase debut, reaching $0.34.

The bullish momentum continued on February 14, with the token climbing to an intraday high of $0.37. Although the price has since retraced back to $0.34, the recent surge in Popcat’s price coincides with renewed whale interest in the token.

Whale Activity Fuels Speculation

A well-known whale, “8icKq,” deposited a massive 10 million Popcat tokensβ€”valued at approximately $3.15 millionβ€”onto Bybit, just a day after the Coinbase listing. This move has fueled speculation that the token is on the cusp of revival.

After two months of silence, the legendary whale “8icKq” just deposited 10M #POPCAT ($3.15M) to Bybitβ€”what’s cooking?

Institutional Interest and Credibility

The recent surge in Popcat’s price also follows Coinbase’s announcement that it would provide trading support for perpetual futures on the token. Such moves from a leading exchange are seen as a signal of growing institutional interest and credibility for the token.

Low-Risk Entry Point

The Popcat price chart has caught the attention of many traders, with some noting that the token appears to have bottomed out and likely won’t dip back to its previous all-time lows due to its new listing on Coinbase.

Tips for traders considering investing in Popcat:

  • Monitor whale activity and institutional interest in the token.
  • Keep an eye on the token’s price chart for potential low-risk entry points.
  • Stay informed about developments in the cryptocurrency market and the token’s listing on major exchanges.

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