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๐Ÿ’ธ The trader made a staggering $26 million trading Memcoins on Solana. By trading memcoins on the Solana blockchain, a trader with the domain paulo.sol made over $26 million. The trader started looking into the Bonk (BONK) memcoin rate in early November of last year and decided to invest in the asset. A trader who participated in what is known as swing trading made over $6.28 million off of fluctuations in the token price. The trader started purchasing Dogwifhat coin (WIF) in December 2023 and Jeo Boden coin (BODEN) in March 2024. His purchases occurred just as the value of memcoins started to skyrocket. From trading coins, paulo.sol earned $9.51 million and $7.04 million, respectively. As per Lookonchain, the trader is still holding $7.6 million worth of BODEN and $5.7 million worth of WIF positions. Attention, experts: paulo.sol has begun purchasing additional memtokens. He became Solanaโ€™s largest PUPS holder after spending nearly $6 million on the token and $1.77 million on POPCAT. The analysts at the company have previously highlighted the successful trading activities of traders in relation to the continuing boom of meme tokens, so this is not surprising. But there arenโ€™t many of them; those that do either have insider knowledge or are seasoned pros. $BONK #BONK

๐Ÿ’ธ The trader made a staggering $26 million trading Memcoins on Solana.

By trading memcoins on the Solana blockchain, a trader with the domain paulo.sol made over $26 million. The trader started looking into the Bonk (BONK) memcoin rate in early November of last year and decided to invest in the asset.

A trader who participated in what is known as swing trading made over $6.28 million off of fluctuations in the token price. The trader started purchasing Dogwifhat coin (WIF) in December 2023 and Jeo Boden coin (BODEN) in March 2024.

His purchases occurred just as the value of memcoins started to skyrocket. From trading coins, paulo.sol earned $9.51 million and $7.04 million, respectively.

As per Lookonchain, the trader is still holding $7.6 million worth of BODEN and $5.7 million worth of WIF positions. Attention, experts: paulo.sol has begun purchasing additional memtokens. He became Solanaโ€™s largest PUPS holder after spending nearly $6 million on the token and $1.77 million on POPCAT.

The analysts at the company have previously highlighted the successful trading activities of traders in relation to the continuing boom of meme tokens, so this is not surprising. But there arenโ€™t many of them; those that do either have insider knowledge or are seasoned pros.

$BONK #BONK

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๐Ÿ“Š ALGO, AVAX, HNT, LINK Price Analysis: May 5 ๐Ÿ”บ ALGO Price Analysis At press time, ALGOโ€™s price was $0.19 and bulls were attempting to push the price higher. Coin Edition also looked at the Exponential Moving Average (EMA) to ascertain the potential price direction. At press time, the 9 EMA (blue) had crossed above the 20 EMA (yellow), indicating that the trend was bullish. Also, both EMAs reinforced the support at $0.18, indicating that an upside could be next for the token. From this analysis, ALGOโ€™s next target could be between $0.21 and $0.23. ๐Ÿ”บ AVAX Price Analysis For AVAX, its market structure was similar to ALGO. According to the AVAX/USD 4-hour chart, the price was $37.20. As for the short-term EMAs, both were sitted at the $33.61 support. Therefore, a price increase could be on the card for AVAX. From a bullish perspective, the price of AVAX might attempt to surpass the $40.00 psychological resistance. Should this be the case, the token might attempt to reach $44.24. However, if the attempts fail, the price could drop and $32.10 could be its next point of interest. ๐Ÿ”บ HNT Price Analysis The 4-hour chart showed HNT was retracing from its uptrend. At press time, the value of the token was $5.51. A futher assessment of the token showed that the RSI reading had fallen. This implies that the buying momentum was no longer as solid as it was previously. Should the RSI continue to fall, the price might drop to $5.20. However, the Supertrend showed a buy signal at $5.11. Hence, if HNT slips below the $5.20 support, $5.11 could be another entry position before the price bounces. ๐Ÿ”บ LINK Price Analysis LINKโ€™s price as of this writing was $14.24. This value was a notable increase from the price it traded on 1 May. At that time, LINK changed hand at $12.66, meaning that the bears were being neutralized from the market. #altcoins $LINK $AVAX $ALGO
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โญ๏ธ Why Did The Solana (SOL) Price Jump Today? Solana (SOL) is currently up by 4% after jumping from $142 to $148 in the past 24 hours. Interestingly,ย Solanaย has made a 23% gain from $119.56 since May 1 and could hold on to sustain this price increase steadily for the rest of the month. On-chain data has revealed behind the scenes that some whales are accumulating and transferring SOL tokens which reflects some intuition of bullishness surrounding the cryptocurrency.ย  Particularly, on-chain data from whale transaction tracker Whale Alert has revealed the movement of 267,077 SOL worth $38.6 million from crypto exchange Binance into an unknown wallet in the past 24 hours. Another notable transfer was the movement of 11 million SOL worth $1.6 billion from a private wallet address to another private wallet address. ๐Ÿ”บ Solana Whale Movement Whale transfers are very common in the crypto industry. They are of different types and they generally tend to shift the sentiment among crypto traders. Whale transfers from exchanges into private addresses could indicate whales are holding onto their assets in anticipation of a price surge. On the other hand, transfers from private wallets into crypto exchanges most likely mean a selloff, which could increase selling pressure on these exchanges. A third type of whale transfer is between two private wallets, which could be for a various number of reasons. The recent transfer of 11 million SOL falls into the third category of whale movement. A further look into on-chain transaction data shows that the transfer was made between two stake addresses. ๐Ÿ”บ Whale Accumulates Solana On the other hand, private wallet โ€œ8NWAHMโ€ย has been accumulatingย SOL in the past 24 hours. While Whale Alert only noted an interesting transfer of 267,077 SOL worth $38.6 million into the address, a closer look into this wallet address shows this is the second major inflow into the address in the past 24 hours. In an earlier transaction, 49,999 SOL worth $7.23 million made their way from crypto exchange Binance into the wallet address.ย  $SOL #SOL
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โญ๏ธ ๐Ÿฏ ๐—š๐—ถ๐—ฎ๐—ป๐˜ ๐—”๐—น๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—ช๐—ต๐—ฎ๐—น๐—ฒ๐˜€ ๐—”๐˜„๐—ฎ๐—ธ๐—ฒ: ๐—ง๐—ต๐—ฒ๐˜† ๐—•๐—ผ๐˜‚๐—ด๐—ต๐˜ ๐Ÿฑ ๐—”๐—น๐˜๐—ฐ๐—ผ๐—ถ๐—ป๐˜€, ๐—œ๐—ป๐—ฐ๐—น๐˜‚๐—ฑ๐—ถ๐—ป๐—ด ๐—ฎ ๐— ๐—ฎ๐˜€๐˜€๐—ถ๐˜ƒ๐—ฒ ๐—ฃ๐—˜๐—ฃ๐—˜ ๐—ฃ๐˜‚๐—ฟ๐—ฐ๐—ต๐—ฎ๐˜€๐—ฒ According to data provided by Loononchain, two giant cryptocurrency whales recently collected large amounts of five different altcoins. According to the data, the first of the whales, identified with the short address 0x1A2E, purchased 322.48 billion PEPE worth $ 2.78 million on Binance. PEPE price is trading at $0.000008584 at the time of writing this article. Balina wallet, on the other hand, purchased PEPE at the level of 0.000008620 dollars. However, another whale also attracted attention with a larger PEPE operation. Approximately 3 hours ago, the cryptocurrency whale with short address 0x1a2 paid 7.75 million dollars via Binance and transferred 915.85 billion PEPE to his cold wallet. The transaction took place when the PEPE price was at $0.000008466. This whale, along with its previous transactions, purchased $10.4 million worth of PEPE in the last 28 hours at an average price of $0.000008424. The other whale, named aavebank.eth, has 500 thousand UniSwap (UNI) worth 3.75 million dollars, 183 thousand Chainlink (LINK) worth 2.62 million dollars, 171 MakerDAO (MKR) worth 500 thousand dollars and 31,139 units worth 483 thousand dollars, according to onchain data. Purchased Ethereum Name Service (ENS). $PEPE $ENS $MKR #pepe
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