A crypto whale has recently accumulated meme coins in huge amounts on Solana. As per Spot On Chain, the crypto whale’s massive accumulation of meme coins like $WIF, $POPCAT, $michi, and $FWOG on Solana, has grasped the attention of the crypto community. The on-chain analytics platform revealed this development on its social media account.
Crypto Whale Acquires $WIF, $POPCAT, $michi, and $FWOG in Big Amounts on Solana
Spot On Chain asserted that the crypto whale has acquired significant amounts of $WIF, $POPCAT, $michi, and $FWOG tokens. Particularly, the whale has accumulated 7.249 $WIF tokens. This figure denotes a value of nearly $13.3 million in total. In addition to this, total accumulation of $POPCAT tokens has reportedly reached 5.77M in number. The respective amount accounts for $3.82M in total.
Apart from that, the crypto whale has also accumulated up to 4.57M $FWOG tokens. These tokens equal a $980,000 mark overall. Additionally, the whale has bought almost 3.9M $michi tokens. These tokens have a value of approximately $470,000. The crypto whale has transacted the accumulated tokens to a newly created wallet going by “D2Noa.”
The respective wallet is currently storing the meme tokens that the whale has accumulated. This big-scale operation has attracted the market onlookers, raising speculation regarding likely price influences on the market dynamics.
Massive Meme Coin Accumulation by Whale Displays Solana’s Solid Status in This Sector
The growing position of Solana in hosting meme tokens has turned it into a chief platform in the overall crypto ecosystem. Hence, the above-mentioned accumulation reflects a rising interest among the noteworthy meme coin investors. According to Spot On Chain, as meme coin realm keeps evolving, it is continuously getting attention from a wide array of investors. Substantial buyouts like this underscore the spiking interest and point toward the vital role of Solana as a key player when it comes to meme coin activity.
