A cryptocurrency investor who had a good nose for the market became a millionaire in a week thanks to the meme coin project.
According to data provided by on-chain analysis platform Lookonchain, the smart investor earned millions of dollars again thanks to Popcat (POPCAT).
This whale spent a total of 4.13 million USDC to buy 6.11 million POPCATs at $0.68 on September 12 and 13. The whale made its investment in parts and divided it over 2 weeks on those days.
The increases that occurred last night after the FED cut interest rates by 50 basis points increased the value of the whale's POPCAT assets to $5.32 million.
The investor made a profit of $1.2 million in just 1 week. The POPCAT price climbed from $0.6572 to $0.8774 with the FED's interest rate cut decision.
According to CoinGecko data, POPCAT, which has increased by 22% in the last 24 hours, is trading at $0.869 at the time of writing.
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