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![diapsalmata_0x Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1249038941191274502.png) Aegon [@diapsalmata_0x](/creator/twitter/diapsalmata_0x) on x 4789 followers
Created: 2025-07-19 13:52:36 UTC

$Popcat OI looks like this while the chart is slowly grinding up. At ATH, OI in $ terms was around $XXX M; there was a X day period when it dropped 50%, closing at $XX M in OI. That candle ultimately trapped everyone who bought in the top range, and as a result the price went down 94%. In the following weeks and months, another $XX M in OI was wiped out, and from top to bottom OI went from $XXX M to $X M, that’s basically where the first big rally started.

Now, OI is around $17M, and we’re 3.5× off the bottom.

$XX M remains a hard resistance. On another note, I look at cross-exchange funding rates, and for past moves we’ve seen they were all fueled by hyperliquid longs; Bybit and Binance are mostly flat.

tldr: I still see no froth whatsoever in this chart.

If SOL manages to break the important levels against BTC (see my previous tweet), I see no reason the Top Cat won’t have a huge run.

Kind regards,

![](https://pbs.twimg.com/media/GwOZ3H2XQAADwwS.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946568862394167297/c:line.svg)

**Related Topics**
[candle](/topic/candle)
[$popcat](/topic/$popcat)
[$agnas](/topic/$agnas)
[popcat](/topic/popcat)
[coins solana ecosystem](/topic/coins-solana-ecosystem)
[coins meme](/topic/coins-meme)

[Post Link](https://x.com/diapsalmata_0x/status/1946568862394167297)