CASHCAT, a memecoin, surged 53% on the daily charts to reach a new all-time high of $0.237 after reclaiming the $0.2 level. The token’s trading volume climbed 115% to $95.5 million, with its market cap rising 53% to $223 million, indicating strong market participation. A whale who previously spent $1.49 million to acquire 13.6 million tokens has returned to profitability, with holdings now worth $2.82 million for an unrealized gain of $1.3 million. Both spot and derivatives markets show elevated activity, with the long/short ratio above 1, signaling continued bullish sentiment.
CASHCAT reached a new all-time high of $0.237 after reclaiming the $0.2 resistance level. The memecoin was trading near $0.2228, representing a 53% increase on the daily charts.
Trading volume climbed 115% to $95.5 million, while market cap rose 53% to $223 million. Rising volume and market cap indicated strong market participation backed by steady capital inflows.
According to Lookonchain, a whale who spent $1.49 million to purchase 13.64 million tokens has returned to profit. The whale’s holdings are now worth $2.82 million, representing an unrealized profit of $1.3 million.
Spot buyers have dominated the market for four consecutive days, with $39.8 million in buy volume compared to $35.3 million in sell volume over the past 24 hours. The buy-sell delta rose to $4.5 million.
On the derivatives side, Open Interest climbed 96.64% to $60.14 million, while derivatives volume rose 299% to $232 million. The Long/Short Ratio rose above 1 to 1.016, suggesting traders opened long positions betting for the uptrend to continue.
The Relative Strength Index (RSI) formed a bullish crossover and surged to 71, showing strong buyer dominance. The MACD also surged to 0.0096, further confirming trend strength.
