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Cash Cat memecoin drops 32% after whale sells $2.85M, signaling bearish market shift

Market News
15 Jul 2026
AMBCrypto
View Source
Bearish
pluang ai news

Cash Cat (CASHCAT) memecoin surged to an all-time high of $0.23 on July 14 but has since fallen sharply, trading around $0.12 after a 32% drop. A major trader sold $2.85 million worth of CASHCAT tokens, locking in a 952× profit, which signals waning market enthusiasm. The price decline triggered long position liquidations totaling $2.14 million, increasing selling pressure and causing many traders to close positions. If selling continues, CASHCAT could fall below $0.1, with $0.2 needed to stabilize the price and reverse bearish sentiment.

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