Despite being just a week old, $CATE has already captured the attention of Key Opinion Leaders (KOLs) and savvy decentralized exchange (DEX) traders.
Though it’s currently down 50% from its all-time high, the token continues to see substantial accumulation from top holders, signaling strong investor confidence.
In the last 24 hours, Smart Money buy volume has exceeded $155,000, and $CATE is now showing the highest inflow, earning a spot on the Smart Money accumulation list.
This level of attention suggests that $CATE’s potential is far from being overlooked, even as it experiences a temporary price dip.
Down 50% from ATH, but $CATE still seeing strong Top Holder accumulations.
Smart Money buy volume also over $155k just in the past 24 hours.
Another leg up loading?
— Alphanomics 💧 (@Alphanomics_io) September 17, 2024
Whale Recently Buys 4.57 Million $CATE
Notable traders are jumping on board. For instance, wallet “0x69d3,” associated with @thekhuongeth, recently purchased 4.57 million $CATE (valued at $152.4K) and transferred it to a Gnosis Safe Proxy wallet. Shortly after, 2.17 million $CATE ($76K) was returned to the original wallet, indicating a strategic move within a trusted network.
Similarly, wallet “0xbd6b,” belonging to @CookerFlips, made a profitable trade by purchasing 1.07 million $CATE on September 13 for $22.2K, then selling it two days later for a $16.6K profit, marking a 56.38% return. Impressively, 16 hours ago, she returned to the market, buying another 611.4K $CATE for $21.4K, showing confidence in the token’s future potential.
$CATE – Just 7 days old and already catching KOLs and Smart Dex traders' attention! 🚀$CATE is seeing the highest inflow and also appeared on the Smart Money accumulation list in the last 24 hours.
📌Wallet 0x69d3 belongs to @thekhuongeth
– 16 hours ago, he bought 4.57M… pic.twitter.com/icoAhsVoDQ— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) September 17, 2024
As Smart Money continues to flow into $CATE, traders are keeping a close eye on its development. With strong buy pressure from top holders and traders alike, $CATE is well-positioned to make a comeback from its recent price drop, with its momentum building steadily in the market.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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