Crypto whales continue to show a positive trend towards the newly listed Peanut the Squirrel (PNUT) and Goatseus Maximus (GOAT) tokens on the Binance platform. While the price of PNUT increased by 2000% in the last week, the GOAT token also gained 60% in value.
Big Withdrawal in PNUT Token
According to Solscan data, a crypto whale withdrew 3.848 million PNUT tokens from Binance to a personal address on November 16. The total value of this transfer was recorded as 7.12 million dollars. PNUT’s price increase this week is remarkable considering that whales signal market movements.
The same whale also invested in the GOAT token. 10 million GOAT tokens were purchased at an average price of $0.61 for approximately $6.1 million. It was reported that GOAT gained 90% in value during this period and the whale made a profit of 5.5 million dollars.
The Rise of Solana-Based Meme Coins
This increase in PNUT and GOAT occurs in parallel with the general upward trend of meme coins, especially those on the Solana blockchain. The Solana-based meme coin industry gained momentum in the bull market, with tokens such as ACT and PNUT reaching their peak.
While PNUT is currently trading at $1.85, it reached a low of $1.63 and a high of $2.17 in 24 hours. It attracted attention by increasing its weekly earnings by 2000% and its monthly earnings by 3000%. The 24-hour trading volume amounted to $2.88 billion.
GOAT token is traded at $ 1,155 and its price is expected to rise up to $ 5. Reaching the lowest level of $0.899 and the highest level of $1.26 within 24 hours, GOAT increased by 52% on a weekly basis and 300% on a monthly basis. Daily trading volume was recorded at approximately $593.36 million.
These developments show that interest in meme coins is increasing and investors are looking for potential gains in such tokens.
Solana-based meme coins continue to gain popularity as an alternative to Ethereum thanks to their low transaction fees and fast transaction times.
This trend is causing crypto investors to turn to meme coins as part of diversified portfolio strategies.
It is important for investors to make strategic decisions by taking into account the risks associated with meme coins.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
