A deep-pocketed investor is accumulating huge quantities of two Solana (SOL)-based memecoins, on-chain knowledge exhibits.
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% previously day, WIF is buying and selling for $3.96, down almost 7% within the final 24 hours and Solana-based meme token Slerf (SLERF) is buying and selling for $0.47, down almost 11% within the final 24 hours.
Solana’s explosive memecoin ecosystem is being carefully tracked by many within the crypto house together with pseudonymous dealer The Circulation Horse.
He believes cat in a canine’s world might go mainstream on high US crypto change Coinbase earlier than dogwifhat, which is presently the largest memecoin on Solana.
“At this charge, MEW seems like it’ll get a Coinbase itemizing earlier than WIF. All joking apart, don’t fade the mission that comes out of nowhere with a stacked e book and an oddly excessive market cap.”
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