The Solana (SOL) memecoin ecosystem is regaining traction with investors as Bitcoin (BTC) leads the overall market recovery, approaching its previous record high of $73,700 set in March. This renewed interest is reflected in the performance of Popcat (POPCAT), one of the outstanding and best-performing tokens in the Solana memecoin space over the past month. Wintermute Fuels The POPCAT Bullish Trend POPCAT has emerged as a significant winner in the Solana chain in the past week, experiencing a 21% surge. Following a continued uptrend, the token recorded a 13% increase in just 24 hours, reaching a new all-time high of $1.75 on Tuesday. Related Reading: Bitcoin Triggers Golden Cross: What This Means For The Crypto Trend According to data from Nansen, the driving force behind this bullish trend has been a notable increase in buying pressure, largely attributed to market-making trading firm Wintermute, which has played a pivotal role in facilitating buying transactions within the digital asset. However, shortly after hitting its record peak, POPCAT retraced to approximately $1.70, attributed to increased profit-taking by investors, as many sought to capitalize on t ..
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