[Solana Meme Coin Maneki rises 45%, secures listing on major exchanges]
Solana meme coin Maneki (MANEKI) surged a staggering over 45% today and hit an all-time high since listing. Furthermore, the coin has also witnessed significant whale activity from investors recently.
According to blockchain analytics platform Lookonchain, investors should pay attention to seven significantly active wallets, which purchased 44.9% of the total supply of MANEKI within the first minute of going online, reaching nearly 399 million pieces. Interestingly, these wallets dispersed the funds to nearly 100 new wallets without making any sales, and are currently valued at approximately $88 million.
However, this rapid concentration of funding activity has raised concerns about insider trading, potentially involving pump and dump scenarios in which whales sell quickly at price peaks, causing market turmoil.
So far, the price of Maneki has increased by 46.76% to reach $0.02157 per coin on April 25, even as the market overall shows a bearish trend. Maneki currently has a market valuation of $191.91 million, with trading volume of $85.08 million in the past 24 hours.
Additionally, Maneki is listed on several major cryptocurrency exchanges, including LBank, Gate.io, Poloniex, and MEXC Global. Ahead of the launch, the Maneki team announced an airdrop campaign to allocate 10% of its total supply of 8.88 billion to the community. However, many participants did not receive airdrop tokens as expected, and the team is working to resolve related issues and process airdrop rewards.
