Why Solana Memecoin POPCAT Price Is Dumping

TLDR: POPCAT price drops 21.49% in 24 hours amid high trading volatility on Solana. $63M worth of POPCAT longs liquidated, including a single $21M position. Trader used $3M USDC across 19 wallets, triggering mass liquidations. Hyperliquid absorbed $4.9M losses, paused Arbitrum bridge temporarily. The Solana memecoin POPCAT has seen a steep price decline in recent [...]

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