The recent surge in the price of #MEMEcoin $BEER can likely be attributed to significant buying activity by a whale.
Key Highlights:
Whale Activity: A whale has been buying $BEER aggressively since May 25.
Investment Details:
Spent: 31,052 $SOL (equivalent to $5.2M)
Purchased: 29.25B $BEER at an average price of $0.0001784
Unrealized Profit: At the current price, the whale's unrealized profit is approximately $6M.
Address:
73EPZ2cx4TM9KbtRCq2hqgmWrDTkn6pzhrvw2ayRGM9N
This substantial investment and accumulation of $BEER tokens by the whale have likely driven up demand and contributed to the recent price increase.