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Cash Cat memecoin drops 16% amid heavy long position liquidations and selling pressure.

Market News
05 Sep 2026
AMBCrypto
View Source
Bearish
Cash Cat memecoin drops 16% amid heavy long position liquidations and selling pressure.

Cash Cat (CASHCAT) experienced a sharp 16% decline in one day, driven by significant liquidations of long positions totaling $566,300, far exceeding short liquidations. This selling pressure is compounded by increased inflows of the token onto exchanges, indicating more sellers than buyers. Despite this, some optimism remains as long traders still dominate trading volume and the funding rate is positive, suggesting expectations of a price rebound. However, ongoing selling pressure could prolong the downtrend and increase risks for leveraged long traders.

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