Crypto Whales Accumulate Meme Coins: What This Means for the Market

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Coin-Turk 9 months ago 184

Interest in meme coins is surging as a mysterious crypto whale accumulates WIF ($0.43), POPCAT, and other popular meme coins. Despite a recent downward trend in Solana $195 meme coins over the past 24 hours, the overall outlook for this year remains optimistic.

Crypto Whale and Its Altcoin Purchases

According to the latest Lookonchain report, a wallet identified as a “mysterious whale” acquired 7.25 million WIF and 5.77 million POPCAT, with a total value of approximately 13.34 million dollars. This has sparked optimism regarding the future of Solana meme coins.

The whale also purchased about 4.57 million FWOG valued at around 922,000 dollars and 3.9 million MICHI for about 467,000 dollars. These transactions are fueling speculation about future values within the Solana meme coin community. Some of Solana’s leading meme coins have reported significant gains almost hourly, with XP and Victorious experiencing increases of 510.7% and 201.6%, respectively.



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