👀👀Whale that opened a new wallet bought two meme coins from Binance

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While meme coins continue to attract great interest from crypto investors, a new whale wallet has made significant purchases on the Binance exchange. While 2024 continues to be the year of meme coins, a whale has purchased a total of $4.5 million worth of Shiba Inu (SHIB) and PEPE on Binance. According to on-chain data platform Lookonchain, a wallet that has never been used before bought $1.5 million worth of 60 billion Shiba Inu and $2.9 million worth of 150 billion PEPE tokens from Binance. Following the purchases, these tokens were withdrawn from the exchange.

2024 is a very active year for meme coins. The PEPE token, in particular, has shown a serious increase during the year, increasing by nearly 2000% since last year. Shiba Inu has also gained over 200% in value in the last 12 months.

Along with Bitcoin, meme coins have become the most notable crypto assets of 2024. While many altcoins have remained stable, meme coins, especially Solana-based projects, have provided significant gains to their investors. While many exchanges are listing new meme coins, the total market value of meme coins has exceeded $ 100 billion.

While some analysts predict that the meme coin season will continue to strengthen and even a "super cycle" may occur, others think that this madness is over.

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