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Andrew Kang: POPCAT is expected to become one of the top five meme coins in this cycle

BlockBeats news, on October 5, Andrew Kang, co-founder and partner of crypto venture capital firm Mechanism Capital, posted on social media, "It looks like @MustStopMurad's speech at Token2049 has catalyzed the next wave of capital reallocation into Meme coins.

Popcat appears to be one of the beneficiaries of these capital flows and is now undergoing price discovery.

The four major Meme coins that are preparing to join this cycle - BONK, WIF, PEPE and FLOKI."

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On-Chain Activity

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SolanaDoomer opened a short position on 500 BTC with 40x leverage, with cumulative historical profits of approximately $21.32 million.

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Trader AguilaTrades' 40x BTC short position is only 0.44% away from liquidation, with cumulative losses of approximately $39.09 million.

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Strobe Fund completes ENA liquidation, distributing total sales of approximately $32.95 million

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F2Pool co-founder Wang Chun withdrew and staked 3,996 ETH, valued at $8.23 million.

24H Important News

2026-11-12

Nasdaq gains expand to 2%, Philadelphia Semiconductor Index surges 7%, CoreWeave jumps over 25%.

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Trader AguilaTrades' 40x BTC short position is only 0.44% away from liquidation, with cumulative losses of approximately $39.09 million.

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