Popcat’s $100 mln volume spike and whale buy-up: Is $0.45 near?

Key Points

1. Popcat's price rose 12.89% to $0.41, with trading volume increasing by 76.23% to $100 million, indicating heightened on-chain activity.

2. Whales increased their holdings by 43.57%, accumulating 3.76 million tokens while selling 2.64 million, pushing top addresses to hold 64.67% of the total supply.

3. Futures market showed strong demand for long positions, with a Long/Short Ratio of 2.361 (70.85% longs vs. 29.15% shorts).

4. Retail investors have been aggressively selling, with three consecutive days of negative Buy-Sell Delta, including a -266k delta on July 14.

5. A potential correction towards $0.35 is possible if retail sell-offs persist and whale momentum weakens, though a push to $0.45 remains feasible.