The support for meme-based cryptocurrencies has grown more substantial than ever, as a secretive, big-spending crypto investor has been buying up significant amounts of coins like WIF and POPCAT, along with others in this category. Meanwhile, Solana’s meme coins are gaining popularity within the broader crypto market, despite the recent 24-hour price fluctuations showing a downturn.
Crypto Whale Accumulates WIF, POPCAT, and Other Meme Coins
A large-scale crypto investor, labeled as a ‘mysterious whale’ in a recent Lookonchain analysis, is said to have acquired 7.25 million WIF and 5.77 million POPCAT, worth around $13.34 million for WIF and $3.83 million for POPCAT. This move has sparked optimistic predictions about the future of these meme coins, with positive sentiments circulating among Solana’s meme coin community.
As an analyst, I’ve noticed some intriguing investments by a mysterious entity in the meme coin market. Specifically, this whale has put approximately 4.57 million FWOG and 3.9 million MICHI to the tune of around $922,000 and $467,000 respectively.
The spotlight is currently on Solana meme tokens and other coins from this category, as the community ponders their potential worth. There’s also a growing anticipation that some popular meme coins from January 2025 might experience changes in their standing if the current trend persists.
Solana Meme Coins are Gaining Traction
Some popular Solana meme coins have experienced substantial growth recently, causing hourly shifts in their positions. As we speak, XP and Victorious are leading the pack with staggering increases of 510.7% and 201.6%, respectively. Their current trading values stand at $0.0003543 for XP and $0.00008787 for Victorious, in that order.
At the same time, other popular Solana meme tokens are experiencing an increase in popularity. The actions of large crypto investors, or “whales,” suggest that traders are taking advantage of the dip in prices. For example, BONK‘s price dropped by 14% over the past 24 hours, but investors are rushing to buy the token in anticipation of its potential rise.
The idea holds true for WIF, as it has dropped by 10.4% within the same period. Essentially, this means that Solana’s meme coins experienced a decline in just one day. It seems like investors are picking up on the signal of a correction and are buying at these lower prices (the dips).
Meme Coin Sector In Focus
Today, major players in the cryptocurrency world are making substantial shifts within the meme coin market. For example, the value of the frog-themed meme coin PEPE Coin dropped by 11.16% over the past day to $0.00001819. This decline was possibly instigated by a whale, who has stirred conversation within the market. Remarkably, this whale transferred 427 billion PEPE tokens, equivalent to around $8.5 million, into Kraken as the coin’s price has been falling lately.
Nevertheless, even with the current dip, there’s optimism that meme coins may soon experience an upswing based on predictions. Moreover, the expanding backing from the community and the escalating popularity of memes on various social media outlets might drive prices even higher.
Additionally, interest in the potential integration of a meme coin into everyday transactions has been growing. It’s worth mentioning that discussions about Dogecoin being adopted by X payments have become more frequent, particularly due to Elon Musk’s support for this leading dog-themed meme currency in the past.
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2025-01-08 15:28