As an analyst with years of experience observing and dissecting the intricacies of the crypto market, I find myself drawn to the recent whale activity surrounding Peanut the Squirrel (PNUT) and Goatseus Maximus (GOAT) on Binance.
Large investors, or “whales,” have maintained optimistic attitudes towards recently added tokens on Binance – Peanut the Squirrel and Goatseus Maximus. Today alone, a whale withdrew approximately $7.12 million in PNUT from Binance after the price surged an astounding 2000% within the last week. Additionally, this same whale also owns GOAT, which has experienced a 60% increase in value over the past seven days. The actions of these big investors suggest a growing fascination with meme coins.
Crypto Whale Accumulates PNUT Worth Millions
As reported by Solscan, a significant cryptocurrency investor (referred to as a ‘crypto whale’) moved approximately 3.848 million PNUT tokens from Binance to a private wallet on November 16. This transaction was worth around $7.12 million, which has sparked interest since such large transfers by crypto whales are often seen as potential indicators of future market trends. Remarkably, the price of PNUT has surged an astounding 2000% over the past week.
Beyond its transaction with PNUT, the whale also made a significant move involving GOAT tokens. A trader spent approximately 6.1 million dollars to acquire 10 million GOAT tokens at an average cost of 0.61 dollars each. Since then, GOAT has experienced a 90% increase, which is more than the 60% surge it had earlier, following the whale’s purchase. Currently, the whale stands to gain around 5.5 million dollars from this investment.
The recent increase in PNUT and GOAT costs coincides with a general trend in meme tokens, especially those based on the Solana blockchain. Given that PNUT is currently trading at an unprecedented peak, it’s sparked curiosity among cryptocurrency investors and traders about its potential for additional growth.
Solana Meme Coins on the Rise
In this current bull market, the popularity of meme coins built on the Ethereum network has sparked an increase in Solana’s meme tokens as well. The Solana meme coin market is picking up speed, with coins such as ACT and PNUT reaching new all-time highs (ATH).
Right now, PNUT is being traded for $1.85. Over the last day, its lowest and highest prices were $1.63 and $2.17 respectively. In the past week, it has seen a significant increase of 2000%. Moreover, over the past month, it has experienced an impressive surge of 3000%. Today’s trading volume for PNUT amounts to $2.88 billion.
Currently, another meme coin on the Solana network, known as Goatseus Maximus or simply GOAT, is also experiencing growth during this bull market. This digital currency was created from a popular tweet by @truth_terminal and is backed by an AI bot. In recent times, it has gained significant attention within the crypto community. The current trading price of GOAT stands at $1.155, with projections that it could reach $5. Over the past 24 hours, its lowest price was $0.899 and peaked at $1.26. In the last week, GOAT has seen a rise of 52%, and over the course of a month, it has surged by as much as 300%. Its daily trading volume is approximately $593.36 million.
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2024-11-16 16:16