A deep-pocketed investor is accumulating huge quantities of two Solana (SOL)-based memecoins, on-chain information reveals.
Blockchain-monitoring service Lookonchain says that one dealer simply purchased 181 million cat in a canine’s world (MEW) after shopping for 776,830 dogwifhat (WIF) lower than two weeks earlier.
“A wise cash is shopping for MEW with a brand new pockets, and has spent 6,000 SOL ($1.15 million) to purchase 181 million MEW [on Monday]. This sensible cash spent 10,000 SOL ($1.91 million) to purchase 776,830 WIF ($3.18 million) on March twentieth, with an unrealized revenue of $1.27 million. He additionally made 4,893 SOL ($934,000) on SLERF.”
At time of writing, MEW is price $0.007718, up over 45% up to now day, WIF is buying and selling for $3.96, down practically 7% within the final 24 hours and Solana-based meme token Slerf (SLERF) is buying and selling for $0.47, down practically 11% within the final 24 hours.
Solana’s explosive memecoin ecosystem is being carefully tracked by many within the crypto area together with pseudonymous dealer The Movement Horse.
He believes cat in a canine’s world might go mainstream on prime US crypto trade Coinbase earlier than dogwifhat, which is presently the most important memecoin on Solana.
“At this charge, MEW seems to be like it can get a Coinbase itemizing earlier than WIF. All joking apart, don’t fade the challenge that comes out of nowhere with a stacked guide and an oddly excessive market cap.”
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