Interest in meme coins is on the rise, with mysterious cryptocurrency whales hoarding WIF, POPCAT and other meme coins. Solana meme coins look exciting for this year despite the downtrend in the last 24 hours.
Crypto Whale and the Altcoins He Bought
A crypto whale wallet identified as a “mystery whale” in the latest Lookonchain report reportedly purchased 7.25 million WIF and 5.77 million POPCAT, valued at approximately $13.34 million. This triggered optimistic future expectations among Solana meme coins.
It was stated that the whale also purchased 4.57 million FWOG worth approximately $922 thousand and 3.9 million MICHI worth $467 thousand. These movements are increasing speculation in the Solana meme coin community on their future value. Some of Solana’s leading meme coins are posting significant gains almost every hour. At the time of writing, the Solana meme coins that gained the most value were XP and Victorious, with an increase of 510.7% and 201.6% respectively.
At the same time, other Solana meme coins such as BONK are also gaining popularity. Recent crypto whale activity shows that investors are turning to buying during downturns.
Meme Coin Sector in Focus
Crypto whales are making significant moves in the meme coin industry today. For example, the frog-themed PEPE Coin price dropped 11.16% in the last 24 hours to $0.00001819. Whale deposited 427 billion PEPE tokens to Kraken during the price crash.
Despite the recent declines, many experts predict a potential rally in meme coins. Increasing community support and rising meme trends on social media platforms may contribute to further price increases. Moreover, the year after the halving always brought an increase in altcoins. This means that new investors pump liquidity into the market, and new investors show great interest in meme coins due to their speculative movements.
The effects of whale movements on the market lead to various opinions about the future of meme coins.
The increasing interest in meme coins in the crypto market causes investors to carefully follow the movements in this area. Whales’ large investments provide important indicators about the future of the market.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
