eSolana News 🗞️
Crypto: Solana whales thrive in memecoin chaos – millions of dollars accumulated
Amid the recent volatility in cryptocurrency markets, some savvy Solana players have been able to take advantage of the situation. According to data revealed by Lookonchain, two crypto whales from Solana have sunk millions of dollars into largely unknown memecoins.
Data Reveals Aggressive Buying Strategy Among Solana Whales
Identified by the 4eocFb wallet, the first crypto whale transferred 31,916 SOL (equivalent to $4.56 million) from KuCoin. He acquired 500,979 BODEN for $294,000.
The second operation was carried out via the 9CjKf5 wallet. The crypto whale withdrew 15,751 SOL (or $2.25 million) from Binance, then invested:
$1.12 million in 4.86 million SLERF;
661,000 dollars in 67.53 million BOME.
These impressive numbers demonstrate their confidence in the potential of these memecoins, even during times of volatility in the crypto industry.
Not all crypto investors have taken the same approach
Four separate Solana whales panicked. They liquidated 5.68 million WIF, or $12.41 million. These hasty sales were made at prices varying between $1.9 and $2.35 per WIF. This reflects the palpable nervousness among some high-profile crypto investors.
Analysis of crypto transactions reveals another interesting trend: Solana whales seem to favor memecoins despite their volatile and speculative nature. This preference could be explained by:
the search for quick gains,
a belief in the long-term value of these digital assets.
Memecoins can indeed experience meteoric price increases. Enough to attract crypto investors looking for high returns.
In any case, the movements of these Solana whales offer a fascinating insight into the dynamics of the crypto market during corrections.
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