Popcat Continues to Show Signs of Bullish Potential After Coinbase Listing
The cat-themed token Popcat has maintained its bullish momentum following its recent listing on Coinbase, with whale activity and positive price charts sparking speculation of a potential uptrend.
After being listed on Coinbase on Feb. 13, Popcat (POPKAT) experienced a notable price surge, seeing a nearly 30% increase to reach $0.34. The bullish trend continued on Feb. 14, as the token surged to an intraday high of $0.37 before settling back at $0.34, as reported by Coinmarketcap.
The rise in Popcat’s price coincided with increased whale activity in the token. Just one day after the Coinbase listing, a well-known whale known as “8icKq” deposited a substantial 10 million Popcat tokens, valued at around $3.15 million, onto Bybit. This move has sparked speculation among traders and investors, hinting at a potential revival for the token.
Furthermore, Coinbase’s announcement of providing trading support for perpetual futures on Popcat has added to the positive sentiment surrounding the token. Such actions from a leading exchange signal growing institutional interest and credibility for Popcat.
The price chart of Popcat has caught the attention of traders on X, with some users pointing out the token’s low-risk entry point. It is believed that Popcat has bottomed out and is unlikely to dip back to its previous all-time lows due to its recent listing on Coinbase, providing a potential opportunity for investors.
With the combination of increased whale activity, positive price charts, and institutional support from Coinbase, Popcat remains in a favorable position for potential growth. Traders and investors are keeping a close eye on the token as it shows signs of bullish potential in the crypto market.
