As a seasoned researcher with extensive experience in cryptocurrency and meme coin trading on the Solana network, I’ve witnessed the incredible growth of various meme coins over the past year. From coins like BONK, Dogwifhat, and POPCAT going from below $1 million to over $1 billion in market cap, it’s been an exciting time for investors.
Over the past year, there’s been an immense growth in meme coin trading on the Solana network. Coins like BONK, Dogwifhat, and POPCAT have seen their market caps soar from under $1 million to over $1 billion. Many other successful meme coins are worth hundreds of millions. Among them, a particular meme coin has recently gained significant attention after a large investor (referred to as a “whale” in the crypto world) bought $2.4 million worth of it, leading to a noticeable price increase.
Solana Trader Puts $2.4 Million Into MUMU The Bull
As a crypto investor, I’ve been keeping an eye on MUMU The Bull, a meme coin built on the Solana blockchain. Its market capitalization has been steadily growing towards the $100 million mark. This week, it finally broke through that threshold, reaching new heights. The sense of FOMO (Fear of Missing Out) has started to kick in for some investors as they don’t want to miss out on potential gains from this coin’s upward trend.
On Thursdays, according to SolanaFloor’s real-time data analysis for the Solana blockchain, there was a large purchase of a popular meme coin. The bulk of this coin’s trading activity took place on decentralized exchanges. A trader using Solana made an individual transaction worth around $2.4 million for this meme coin.
Due to the purchase, the meme coin MUMU The Bull experienced a significant price surge, reaching a market capitalization of $820 million in just a few seconds. However, the price has since reverted to its normal level. Notably, there’s intrigue among investors regarding which coins were exchanged for MUMU The Bull during this sudden price increase.
Based on blockchain information, a trader on the Solana network had approximately $3 million in Dogwifhat tokens prior to exchanging $2.4 million of WIF for MUMU The Bull. As a result, this individual became the fourth-largest investor in the meme coin.
Is MUMU The Bull The Next Dogwifhat?
As a crypto investor, I’ve noticed an intriguing development in the market recently: a whale’s $2.4 million purchase of MUMU The Bull tokens has sparked comparisons to the early days of Dogecoin (WIF). In January 2024, when Dogecoin was experiencing significant price growth, there was a monumental $8.6 million buy that nearly tripled the value of this meme coin almost instantly.
During that period, the large-scale purchase by the investor sparked disapproval within the Solana community, as several members felt that the whale had made an unwise investment. Nevertheless, the value of Dogewhiz (market cap) soared to billions of dollars, resulting in substantial profits worth tens of millions for the Solana trader.
With Dogwifhat’s impressive performance, there’s growing excitement among investors for MUMU The Bull to take advantage of this momentum. @cheatcoiner on X recently expressed similar thoughts, stating, “It’s time for MUMU The Bull to step in and fuel the upward trend.”
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2024-07-27 09:05