According to on-chain data, a major crypto whale sold SOL and bought two altcoins.
It seems that a major crypto whale has also joined the growing memecoin trend.
According to on-chain data from Lookonchain, the whale sold $2.7 million worth of Solana (SOL) and used the funds to buy DogWifhat (WIF) and Bonk (BONK).
The whale spent $1.57 million from selling SOL to buy WIF at an average price of $3.87, and the remaining $1.13 million to buy BONK at an average price of $0.0000387.
The latest data shows that WIF is currently trading at $3.99, while BONK is trading at $0.00003782. This means that the whale wallet has made a profit from WIF, but a loss on BONK.
The memecoin craze is particularly prominent in the Solana ecosystem. The PNUT token, despite its recent launch, has already reached a market cap of $1.82 billion, and is one of Solana’s notable altcoins