- A crypto trader earned over $1 million from eight $POPCAT trades with a 100% win rate.
- The trader’s strategic trades spanned from August to October, yielding significant profits.
- Despite a recent 11.06% dip in $POPCAT’s price, the memecoin showed strong market presence.
A cryptocurrency trader has earned over $1 million swing trading the memecoin $POPCAT. The trader made a remarkable profit through eight trades since August 20. According to Lookonchain, an on-chain analytics provider, the trader had a 100% win rate during this period.
The trader’s strategy started with buying 1,579,413 $POPCAT tokens at an average price of $0.5245. The trader then sold the tokens at $0.7220, making a profit of $311,934. This was the first of several profitable trades, with each timed well to maximize earnings.
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One of the biggest trades happened between September 21 and September 25. The trader purchased 1,544,687 POPCAT tokens at $0.8969 and later sold them at $1.0261, making another $199,663. Other trades also made substantial gains, such as the one between September 10 and September 14. In that trade, the trader bought 1,202,931 tokens at $0.6235 and sold them at $0.7281, for a profit of $125,801.
While most of the trades made large profits, a few had smaller gains. For example, between September 25 and September 29, the trader earned just $2,813 from selling 491,682 tokens. But even smaller trades contributed to the over $1 million total. The final trade happened from October 4 to October 7, when the trader bought 1,240,156 tokens at $1.1343 and sold them at $1.2908, making $194,093.
Related: Popcat (POPCAT) Outperforms Market, Gains 5% Ahead of Kraken Listing
Overall, the trader’s approach led to a profit of $1,050,440. This success shows how profitable swing trading in the volatile memecoin market can be, especially with careful timing and execution.
At press time, POPCAT was trading at $1.24, reflecting a 11.06% drop over the past 24 hours. The market capitalization stood at $1.22 billion, down by 11.06%. In terms of trading volume, $POPCAT recorded $179 million in the last 24 hours, a 3.24% decrease.
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