CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
NullTx 2025-01-09 07:12:47

Whale Accumulates $18.2M in Solana-Based Meme Coins Amid Price Drops

In a significant move for Solana’s meme coin ecosystem, a prominent whale (address: DWhUa) has reportedly accumulated $18.2 million worth of four major meme tokens within the past 14 hours. Despite this accumulation, two of the tokens, WIF and POPCAT, have experienced notable price declines, adding intrigue to the whale’s strategy. Massive Meme Coin Purchases WIF Acquisition The whale withdrew 7.18 million WIF tokens (valued at $13.3 million) from Binance at an average price of $1.838. This makes up the bulk of their recent acquisitions. POPCAT Investments The whale also demonstrated strong interest in POPCAT, accumulating 5.77 million tokens for $3.41 million at an average price of $0.59. This included withdrawing 1.876 million POPCAT ($1.26 million) from Bybit and purchasing 3.894 million POPCAT using 2.15 million USDC via decentralized exchanges (DEXs). Additional Accumulations – FWOG: The whale spent 979,815 USDC to purchase 4.57 million FWOG tokens at an average price of $0.2144. – Michi: They also acquired 3.9 million Michi tokens for 469,885 USDC at an average price of $0.12. Whale Transfers and Market Impact Following these acquisitions, all tokens were transferred to and stored in a newly created wallet. Despite this accumulation, both WIF and POPCAT have suffered significant price declines of 11.35% and 17.33%, respectively, over the last 24 hours. Big #memecoins accumulation on #Solana detected! In the past 14 hours, whale "DWhUa" has allegedly purchased $18.57M worth of 4 meme coins via Binance and DEX, including: • 7.249 $WIF ($13.3M) • 5.77M $POPCAT ($3.82M) • 4.57M $FWOG ($980K) • 3.9M $michi ($470K) All these… pic.twitter.com/plT0JzGKFq — Spot On Chain (@spotonchain) January 8, 2025 Market Sentiment and Outlook This whale activity highlights growing interest in Solana’s meme coin ecosystem but also reflects the volatility and risks associated with these tokens. The community is closely watching to see if these purchases signal a long-term strategy or a short-term speculative play. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: iaroslav777/ 123RF // Image Effects by Colorcinch

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.