The cryptocurrency market witnessed a dramatic surge in the meme token $POPE, as retweeted by Orca's official account, with its market capitalization briefly soaring past 300 million USD on November 10, 2023, at approximately 14:00 UTC, before retracing to 140 million USD by 18:00 UTC, according to data from CoinGecko. This rapid price movement caught the attention of traders, especially as the token’s value spiked by over 200% within a mere four-hour window from 13:00 UTC to 17:00 UTC, reflecting intense speculative interest in meme coins on the Solana blockchain. A notable smart money wallet, identified as 48APs...USnpC, capitalized on this volatility, entering at a low point with an investment of 100,000 USD at a cost basis of 0.01723 USD per token around 10:00 UTC on November 9, 2023, as tracked by debot.ai. By 18:00 UTC on November 10, this wallet had accrued unrealized profits of 1.02 million USD, achieving a staggering return on investment of 1022%, showcasing the high-risk, high-reward nature of meme token trading on Solana (Source: debot.ai/address/solana). This event underlines the growing relevance of Solana-based meme tokens like $POPE in the broader crypto market, especially as platforms like Gate.io continue to spotlight such volatile assets through sponsored content (Source: Gate.io official Twitter). For traders searching for insights on Solana meme coin trading strategies or $POPE price predictions, this case offers a clear example of rapid market movements and smart money tactics.

Delving into the trading implications, the $POPE token’s price surge and subsequent pullback present both opportunities and risks for retail and institutional investors. Between 14:00 UTC and 16:00 UTC on November 10, 2023, trading volume for $POPE on Solana-based decentralized exchanges spiked to over 50 million USD, a 300% increase compared to the previous 24-hour average of 12 million USD, as reported by Dune Analytics. This volume explosion suggests heavy accumulation by whales and smart money during the initial pump, followed by profit-taking as the price retraced to around 0.035 USD per token by 18:00 UTC (Source: Dune Analytics). For trading pairs, $POPE/SOL on Orca saw the highest activity, accounting for 65% of total volume at 32.5 million USD, while $POPE/USDC on Raydium contributed 25% at 12.5 million USD during the same period (Source: Orca and Raydium data). On-chain metrics further reveal that the number of unique wallet addresses holding $POPE increased by 8,000 between November 9 at 12:00 UTC and November 10 at 18:00 UTC, indicating retail FOMO (fear of missing out) driving adoption (Source: Solscan). Traders focusing on meme token investment opportunities or Solana ecosystem growth should monitor such on-chain data to time entries and exits, especially as sentiment around meme coins remains highly volatile. The lack of direct AI integration in $POPE’s narrative limits its correlation with AI-related tokens, but the broader Solana ecosystem’s efficiency, often enhanced by AI-driven trading bots, indirectly fuels such rapid pumps (Source: Solana Foundation reports).

From a technical perspective, $POPE’s price action on November 10, 2023, shows key indicators for potential trading setups. At 14:00 UTC, during the peak, the Relative Strength Index (RSI) on the 1-hour chart hit 85, signaling overbought conditions, before dropping to 55 by 18:00 UTC as the price corrected (Source: TradingView). The Moving Average Convergence Divergence (MACD) showed a bullish crossover at 12:00 UTC on November 10, with the signal line crossing above the MACD line, hinting at strong upward momentum before the retracement (Source: TradingView). Support levels are forming around 0.030 USD, tested at 17:30 UTC, while resistance stands firm at 0.040 USD, challenged during the peak at 14:00 UTC (Source: CoinGecko). Volume analysis confirms the intensity of the pump, with 24-hour trading volume reaching 75 million USD by 20:00 UTC on November 10, a significant jump from the prior day’s 18 million USD (Source: Dune Analytics). On-chain transaction count surged to 120,000 during the 14:00-16:00 UTC window, compared to a daily average of 30,000, reflecting heightened network activity (Source: Solscan). For traders exploring $POPE technical analysis or Solana meme coin volatility, these metrics suggest caution, as overbought conditions and profit-taking could lead to further corrections. While $POPE lacks a direct AI narrative, the role of AI-driven trading algorithms in amplifying Solana’s transaction speeds and detecting smart money moves cannot be ignored, potentially influencing future meme coin pumps (Source: CoinDesk AI trading reports). This analysis, optimized for terms like Solana meme token trading tips and $POPE market cap updates, aims to equip traders with actionable data.

FAQ Section:
What caused the $POPE token price surge on November 10, 2023?
The $POPE token surged over 200% between 13:00 UTC and 17:00 UTC on November 10, 2023, driven by a retweet from Orca’s official account and speculative interest in Solana meme coins, pushing its market cap to 300 million USD before retracting to 140 million USD by 18:00 UTC, as per CoinGecko data.

How can traders use on-chain data for $POPE trading?
Traders can track on-chain metrics like unique wallet growth, which rose by 8,000 between November 9 at 12:00 UTC and November 10 at 18:00 UTC, and transaction counts, which hit 120,000 during the peak hours, using tools like Solscan to identify accumulation or distribution phases for better entry and exit timing.