Today’s memecoin rally has seen notable increases, with $STONKS and $WOLF rising by 25% and 14%, respectively. Reports indicate that insiders of these coins have been strategically active, buying into a new memecoin, further fueling the market excitement.
Data from iCrypto.ai reveals that two smart wallets, which previously made significant profits on $WOLF and $STONKS, are behind these latest moves. These wallets achieved impressive returns, with one making a 190x profit on $WOLF and the other a 510x profit on $STONKS.
Insider of $WOLF: In April 2024, the wallet 0xa1f0 (icrypto.ai/wallet/0xa1f00…) purchased 17.05 billion $WOLF for $8,063, at an average price of $0.0000004721. During the initial pump, this wallet sold 15.84 billion $WOLF and still holds 1.21 billion $WOLF, now valued at $95,000. This resulted in a total profit of $51,970, a staggering 19,000% return.
Insider of $STONKS: In May 2024, the wallet 0xa9bf (icrypto.ai/wallet/0xa9bf1…) bought 7.05 billion $STONKS for $434, at an average price of $0.00000076163. The wallet sold 6.05 billion $STONKS during the initial pump and retains 1 billion $STONKS, currently worth $19,500. This trade brought in a total profit of $189,970, reflecting a remarkable 51,000% return.
Insiders of $WOLF and $STONKS have just bought a new #Meme 🐳
Data from https://t.co/kFF8LDumzs will show you 2 Smart Wallets that got their profit 190x on $WOLF and 510x on $STONKS respectively.
1. Insider of $WOLF:
In 04/2024, the 0xa1f0 wallet (https://t.co/0mNJoilr2k)… pic.twitter.com/iRR09k3wSt
— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) June 25, 2024
These two individuals have resumed their activity, accumulating a new memecoin over the past four days. Their strategic moves and previous success have not gone unnoticed, likely contributing to the recent price surges in $STONKS and $WOLF.
The memecoin market continues to capture the attention of traders and investors, with strategic insider activity playing a significant role in driving price movements. As these smart wallets remain active, the market watches closely for potential new opportunities and further rallies.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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The post Memecoins Rally: $STONKS and $WOLF Surge As Insiders Make Strategic Moves appeared first on The Merkle News.
