The memecoin market has been on hearth in 2024, with tokens like $POPCAT and $BRETT posting astronomical returns.

Based on information from Gate.io, $POPCAT has delivered a powerful 205x acquire, whereas $BRETT isn’t far behind, recording a 184x improve. These tokens have captured the eye of each retail merchants and whales alike, driving a surge in exercise.

In 2024, #memecoin is booming, with $POPCAT, $BRETT, and others attaining spectacular beneficial properties! 🔥

Try TOP 10 Memecoin with the very best beneficial properties of 2024 beneath 👇️

$_____ was the most effective to 𝐇𝐎𝐃𝐋 this yr! pic.twitter.com/9hCbm9rHLH

— Gate.io (@gate_io) September 19, 2024

Among the many high 100 cash by market cap, Solana-based memecoin $POPCAT has turn into the highest gainer, skyrocketing by 40% in simply 24 hours. Its fast worth motion has positioned it as a standout within the memecoin area, garnering consideration from main buyers.

🚨 LATEST: Solana memecoin $POPCAT turns into the #1 gainer among the many high 100 cash by market cap. pic.twitter.com/ehpNZneU4m

— SolanaFloor (@SolanaFloor) September 19, 2024

Whale Investor Hits Main Revenue On $POPCAT

One notably good whale has as soon as once more cashed in huge on $POPCAT. This investor bought 6.11 million $POPCAT tokens between September 12 and 13, spending a complete of 4.13 million USDC at a median worth of $0.68 per token. Now, simply days later, the worth of their $POPCAT holdings has surged to $5.32 million, leaving the whale with an unrealized revenue of $1.21 million.

The good whale made greater than $1.2M on $POPCAT once more!

He spent 4.13M $USDC to purchase 6.11M $POPCAT at $0.68 on Sept 12 and Sept 13, now price $5.32M, with an unrealized revenue of $1.21M!https://t.co/lwNqWGB6Ib pic.twitter.com/IbDQy3DRcJ

— Lookonchain (@lookonchain) September 19, 2024

With memecoins persevering with to dominate the market, many merchants are maintaining an in depth eye on $POPCAT and different tokens for potential future beneficial properties. Whereas the excessive volatility of those tokens can current dangers, their huge worth will increase have confirmed to be extremely profitable for individuals who time the market accurately.

As 2024 progresses, memecoins like $POPCAT are exhibiting no indicators of slowing down, and will probably be fascinating to see how lengthy these spectacular beneficial properties will be sustained in such a fast-moving and speculative market.

Disclosure: This isn’t buying and selling or funding recommendation. All the time do your analysis earlier than shopping for any cryptocurrency or investing in any companies.

Observe us on Twitter @nulltxnews to remain up to date with the most recent Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse information!

Picture Supply: remakeme/123RF // Picture Results by Colorcinch