A whale pulled $7.12M in PNUT from Binance, boosting its price by 2000%.
GOAT token also rallied 60%, with the whale gaining $5.5M in profits.
Solana-based meme coins like PNUT and GOAT are catching market attention.
A crypto whale has sparked a new wave of excitement in the meme coin market after pulling significant amounts of PNUT and GOAT tokens from exchanges.
On Saturday, a crypto whale withdrew a staggering 3.848 million PNUT tokens worth $7.12 million from Binance, triggering heightened interest. This move came amid a meteoric rise in PNUT's value, which has seen a 2000% increase over the past week.
In addition to PNUT, the whale's recent actions include a substantial investment in GOAT tokens. This trader reportedly spent $6.1 million on 10 million GOAT tokens, purchasing them at an average price of $0.61.
As a result, the GOAT token has experienced a 60% surge in the last week. The whale is currently sitting on an impressive profit of $5.5 million, reflecting growing confidence in the market.
The rise of meme coins on Ethereum has shifted to Solana, with new tokens like PNUT and GOAT making headlines.
PNUT, known as Peanut the Squirrel, has reached new highs on the Solana network. It currently trades at $1.85, with a 24-hour range of $1.63 to $2.17.
Over the last month, its price has soared by 3000%, accompanied by a trading volume of $2.88 billion in the past day alone.
Moreover, the GOAT token, also gaining momentum, is currently priced at $1.155. This Solana-based meme coin was inspired by a viral social media post by @truth_terminal, further amplified by an AI bot.
In the past week, GOAT's value increased by 52% and is projected to continue its upward trend, with some analysts suggesting it could reach $5. The token's trading volume has been impressive, nearing $593.36 million within 24 hours.
The recent whale activity indicates that interest in newly listed meme tokens remains strong.
The massive withdrawal of PNUT and the heavy investments in GOAT highlight how whales are betting on these Solana-based assets. The broader meme coin sector is witnessing increased traction, particularly on Solana, a hotspot for speculative trading.
As prices continue to climb, investors are closely watching these developments. PNUT's surge to an all-time high, combined with GOAT's steady rise, suggests that meme coins still hold significant potential in the current crypto bull market.
