Bitcoin

Silk Road

when

USDC

<ul class="wp-block-list">
  
 <li>A smart whale made nearly $3.96M by selling $POPCAT and shifting $1.45M into $GIGA, showing strategic timing and market awareness.</li>   
 <li>$POPCAT’s price dip may be tied to geopolitical tensions and investor caution over potential corrections in the crypto market.</li>   
 <li>The whale's history with $POPCAT reveals the profitability of meme coins, earning $4.36M from strategic buys and sells within a month.</li> 
</ul>   
<p>A smart whale has executed profitable trades on the meme coin $POPCAT and shifted investments into $GIGA. According to <a href="https://x.com/lookonchain/status/1843501111795429469" target="_blank" rel="noreferrer noopener">LookOnChain</a>, the whale sold 2.66 million $POPCAT at $1.36 in the last 20 hours, earning a nearly $3.96 million profit. Despite the sale, the whale still holds 3.45 million $POPCAT tokens, valued at around $4.48 million.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   https://twitter.com/lookonchain/status/1843501111795429469 
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<h2 class="wp-block-heading" id="h-whale-shifts-focus-to-giga">Whale Shifts Focus to $GIGA</h2>   
<p>Besides selling $POPCAT, the whale used $1.45 million in USDC to purchase 30.22 million $GIGA tokens at $0.048 per token. This move shows reallocation, possibly expecting a <a href="https://coinmarketcap.com/currencies/popcat-sol/" target="_blank" rel="noreferrer noopener">price</a> correction in $POPCAT after it hit an all-time high of $1.40. Consequently, the investor might have chosen to capitalize on the high prices, locking in profits.</p>   
<p>Moreover, this isn’t the first time the whale has benefitted from $POPCAT’s price surge. In less than a month, the trader earned $4.36 million by purchasing 6.11 million $POPCAT at $0.68 in mid-September and selling when the token reached $1.40. All this shows the volatility and potential profitability of meme coins in the crypto market.</p>   
<h2 class="wp-block-heading" id="h-market-sentiment-and-broader-factors">Market Sentiment and Broader Factors</h2>   
<p>Profit-taking may not be the only reason for the recent decline in $POPCAT's price. The Middle East's geopolitical unrest may have contributed to investors' aversion to high-risk assets like meme coins.&nbsp;</p>   
<p>Market confidence has also been negatively impacted by the continuous uncertainty surrounding the US Supreme Court's ruling on the $4.4 billion in Bitcoin that was taken from<a href="https://cryptonewsland.com/us-marshals-likely-selling-seized-silk-road-bitcoin-sparking-market-concerns/" target="_blank" rel="noreferrer noopener sponsored nofollow"> the Silk Road case</a>. The possibility of the US government selling this massive Bitcoin stash has contributed to growing concerns about a correction in the crypto market.</p>   
<p>The Whale’s moves show the <a href="https://cryptonewsland.com/bitcoin-selloffs-shifting-market-sentiment-is-it-the-time-to-sell/" target="_blank" rel="noreferrer noopener sponsored nofollow">impact of timing and market sentiment</a> in cryptocurrency investments. The change from $POPCAT to $GIGA is the way in which investors can take advantage of volatility while anticipating corrections.</p> 
<p>The post <a href="https://cryptonewsland.com/whale-profits-big-on-popcat-reinvests-1-45m-in-giga-amid-market-volatility/">Whale Profits Big on $POPCAT, Reinvests $1.45M in $GIGA Amid Market Volatility</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Whale Profits Big on $POPCAT, Reinvests $1.45M in $GIGA Amid Market Volatility

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