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A crypto whale has boosted meme coins by making significant purchases of Solana-based coins such as WIF, FWOG, POPCAT, and MICHI amid growing enthusiasm for the broader meme coin sector.
Crypto Whale Acquires Solana-Based WIF, POPCAT, And Other Meme Coins
A mysterious crypto whale, as Lookonchain named it, purchased 7.25 million WIF and 5.77 million POPCAT valued at approximately $13.34 million and $3.83 million, respectively. The crypto whale’s activity sparked bullish speculation for both meme coins, additionally impacting the sentiment surrounding all Solana-based meme coins.
A mysterious whale bought 7.25M $WIF($13.34M), 5.77M $POPCAT($3.83M), 4.57M $FWOG($922K), and 3.9M $michi($467K) today.
Address:https://t.co/vBJwiesB3chttps://t.co/qY0DD5sQhE pic.twitter.com/pnAH1D1F1U
— Lookonchain (@lookonchain) January 8, 2025
Other Solana meme coins that the crypto whale bet on include 4.57 million FWOG and 3.9 million MICHI, valued at $922k and $467k, respectively.
The current community focus is on Solana meme coins and other tokens from the segment as their future value is discussed. If this trend continues, some of the most popular meme coins in January may experience changes in their rankings.
Meme Coins By Solana Experience Growing Popularity
The rankings of the most popular Solana-backed meme coins are changing almost every hour as these tokens achieve notable gains in the market. Currently, the leading Solana meme coins are XP and Victorious, with respective increases of 510.7% and 201.6%. Their trading values are $0.0003543 and $0.00008787.
At the same time, other Solana digital assets are also gaining popularity, with the recent actions of crypto whales suggesting that traders are taking advantage of the latest market dip. For example, BONK’s price dropped by 14% in the last 24 hours. Investors are rushing to collect this digital coin before its potential rebound.
Meme Coin Market Is In The Spotlight
The meme coin market continues to be in the spotlight as whales make significant movements. For example, PEPE Coin, the popular frog-themed coin, has experienced an 11.16% correction in the last 24 hours, reaching $0.00001819. This decline has sparked market discussions, particularly after a whale deposited 27 billion PEPE tokens worth $8.5 million to Kraken.
The possible integration of meme coins into X payments, particularly a Dogecoin integration, has additionally fueled excitement surrounding meme coins. This is intensified by Elon Musk’s previous support of the top dog-themed coin.
Investors looking for other opportunities within the meme coin market could consider Solaxy (SOLX), another promising Solana-based token in space. Solaxy has already attracted over $9.2 million in capital from early investors.
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