BlockBeats reported that on October 8, according to Lookonchain monitoring, a smart money address sold 2.66 million POPCAT (US$3.61 million) at an average price of US$1.36 in the past 20 hours, leaving 3.45 million POPCAT (US$4.48 million) with a profit of about US$3.96 million.

Then 1.45 million USDC was spent to buy 30.22 million GIGA at an average price of US$0.048.