Popcat’s Volatile Rise: Market Cap Jumps, Derivatives Buzz

Popcat has been on a steady uptrend after the Binance futures and KuCoin listings. With a recent surge in trading volume and a notable increase in market cap, it's hard not to take notice. 

Recent Price and Volume Trends

Popcat has been on a bullish streak, with its price climbing steadily. This uptrend has led to higher swing levels on the charts, signaling strong investor interest. 

However, in the past 24 hours, there’s been a 7% dip in trading volume. This slight drop suggests a decrease in short-term demand. 

Currently, the token’s trading volume sits at $164.335 million, which is 22.49% of its market cap. At the moment, Popcat’s entire supply of 979.973 million tokens is circulating in the market. 

The token’s fully diluted market cap is valued at $730.225 million, although its maximum supply isn’t specified. Despite a minor volume decline, Popcat’s market cap has surged by 21% recently, reaching $728.06 million.

Derivatives Activity Shows Strong Growth

The derivatives market for Popcat is buzzing with activity. In the past 24 hours, derivative trading volume for Popcat has skyrocketed by 81%, exceeding $574.84 million. 

Open interest has also seen a significant boost, increasing by 48% to $60.39 million. Interestingly, the liquidation data reveals that shorts are getting squeezed. 

Shorts worth $751.39K have been liquidated, while longs worth $439.37K have also been liquidated. This imbalance highlights the volatile nature of Popcat trading at the moment.