It is a truth universally acknowledged, that a market in possession of a good deal of volatility, must be in want of a stable price. Thus, the Solana-based memecoin Popcat, whose value stands at a modest $0.13, has seen a most extraordinary increase in trading activity, with a 500% surge in volume on Nov. 12, driven by panic and speculation. Alas, the whispers of market manipulation on Hyperliquid DEX have sent traders into a tizzy, much to the delight of the more mischievous among us. 🧙♂️
🚨JUST IN: @Solana memecoin $POPCAT is experiencing heavy volatility following concerns of possible market manipulation on @HyperliquidX. In the past four hours, $63 million worth of long positions have been liquidated, including a single liquidation worth $21 million, the…
– SolanaFloor (@SolanaFloor) November 12, 2025
Behold, the data from Coinglass reveals that over $63 million in long positions were liquidated within four hours, as traders, in their haste to close out overleveraged positions, have left a trail of chaos. Of this, $62 million were long-side liquidations, compared to a mere $1.6 million in shorts, a testament to the bullish traders’ penchant for booking losses. 📉
Popcat derivatives market analysis | Source: Coinglass
The market turbulence saw a whale position worth $21 million wiped out, the largest single liquidation outside of Bitcoin and Ethereum markets during the same period. A most unfortunate whale, whose fortune was reduced by a staggering $21 million, was the largest single loss outside of Bitcoin and Ethereum’s markets. 💸
Derivatives trading metrics showed a 1109.6% spike in Popcat futures volume to $1.2 billion on Nov. 12, while open interest climbed 11.41% to $64.04 million. However, the long-to-short ratio dropped to 0.89, signaling a dominance of short sellers exploiting market chaos for quick profits. 🕵️♀️
Amid this turbulence, Popcat price declined 10% intraday to $0.21. Popcat has slipped from the top ten ranked Solana memecoins, according to Coingecko data, leapfrogged by Catinadogsworld (MEW) which saw a modest 5% dip on the day, and Trump-linked Melania token, which rose 17%. A most curious turn of events, indeed. 🤔
Popcat Price Forecast: Can Bulls Defend the $0.13 Support After 20% Intraday Crash?
Popcat’s 12-hour chart shows a sharp rejection at $0.2127, followed by a steep 20% decline to $0.1324, forming a long upper wick that signals distribution pressure. The Donchian Channel (DC) upper band near $0.2127 acted as key resistance, while the median line at $0.1578 flipped into short-term resistance after the selloff. 📈
Momentum indicators point to cooling bullish momentum. The MACD histogram is narrowing, suggesting fading upward strength, while the Relative Volatility Index (RVI) near 56.9 signals indecision after excessive volatility. 🌀
Popcat price analysis, Nov. 11, 2025 | Source: TradingView
For bulls, maintaining support above $0.1029 is crucial to avoid a deeper correction toward $0.0850, which aligns with early November consolidation levels. A rebound above $0.1578 could restore short-term bullish bias and reopen targets toward $0.2127 and $0.24, where the next liquidity cluster lies. 🧭
However, if manipulation fears persist, Popcat risks extending its decline, potentially revisiting sub-$0.10 levels before stabilizing. A most precarious situation, one might say. 🌪️
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2025-11-13 02:17