Whale accumulates $18.57M in memecoins on Solana, triggering market volatility trends.
WIF sees price drop by 10.45%, but volume surges 63.40%, signaling active trading.
MICHI shows slight recovery with a 1.06% gain, backed by rising trading volume.
A crypto whale identified as “DWhUa” has made headlines with a massive $18.57 million investment in Solana-based memecoins. The purchase included $13.3 million in $WIF, $3.82 million in $POPCAT, $980,000 in $FWOG, and $470,000 in $MICHI. All tokens were transferred to a newly created wallet, “D2Noa,” sparking speculation about potential price movements and market trends.
WIF Faces Decline Despite Volume Surge
$WIF, the largest holding, has already seen a 10.45% drop to $1.85 in the last 24 hours despite a sharp 24-hour trading volume surge of 63.40%. This potentially indicates active trading or potential sell-offs. Incidentally, the token peaked at $2.065 before experiencing consistent downward momentum.
Support levels at $1.80 and $1.70 could provide a safety net for prices. Conversely, resistance levels at $1.90 and $2.00 may challenge recovery attempts. Notably, the high volum…
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