Millions of Dollars Are Flowing into This Meme Coin: Whale Purchases Brought New ATH!

The cryptocurrency whale broke a record price by purchasing a large amount of meme coins.

According to data provided by on-chain analysis platform Lookonchain, a cryptocurrency whale purchased a large amount of Solana (SOL)-based meme coin MOTHER.

The data revealed that the whale in question withdrew 8,943 SOLs worth $1.54 million from the cryptocurrency exchange Binance on June 6, and bought 8.6 million Mother Iggy (MOTHER) with all of these assets at $0.1789.

MOTHER had just been released by Australian singer Iggy Azalea. Social media shares of the song have generated a great deal of interest in the project since the first day.

The whale's purchases caused MOTHER to rise more than 15% in a few hours. MOTHER, which has increased by 92% in the last 24 hours, is traded at $ 0.19 at the time of writing.

Vitalik Buterin harshly criticized MOTHER1 day ago

Vitalik Buterin spoke harshly about MOTHER in a recent post. Expressing his unhappiness about the meme coins used by celebrities, Buterin stated that they were purposeless.

But it seems that Buterin's words increased the interest in the project even more, and today the record price was seen.

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