The post Whale purchases $18.57M worth of 4 memecoins via Binance and DEX – Why are whales buying? appeared on BitcoinEthereumNews.com.

A whale with the wallet ‘DWhUa’ accumulated four memecoins worth a combined total of $18.75M in fiat and USDC. All the meme coins purchased via Binance and DEX have since been deposited into a wallet ‘D2Noa’. Spot On Chain data showed that the whale used a wallet ‘DWhUa’ to withdraw 7.23M WIF worth over $13M from Binance at $1.838 and 1.867M POPCAT worth ~$1.3M from ByBit. The whale accumulated 5.77M POPCAT at $0.59 and spent 2.15M USDC to buy 3.894M POPCAT from DEX. The large-scale investor then swapped 979.82K USDC for 4.57M FWOG at $0.2144 and 469.89K USDC for 3.9M MICHI at $0.12. All transactions took place within the last 16 hours and the meme coins were all transferred to a wallet ‘D2Noa’.  Spot On Chain flags big memecoin accumulation on Solana Big #memecoins accumulation on #Solana detected! In the past 14 hours, whale “DWhUa” has allegedly purchased $18.57M worth of 4 meme coins via Binance and DEX, including: • 7.249 $WIF ($13.3M)• 5.77M $POPCAT ($3.82M)• 4.57M $FWOG ($980K)• 3.9M $michi ($470K) All these… pic.twitter.com/plT0JzGKFq — Spot On Chain (@spotonchain) January 8, 2025 Solscan.io data revealed heavy whale activity on Solana as one investor transacted over $9 million worth of WIF and POPCAT meme coins. The whale now has a balance of 7.18 million WIF and 5.77 million POPCAT. Spot On Chain data shows that the whale has been active for less than a month, and the transaction history reveals that the wallet ‘DWhUa’ was activated only 22 days ago.  In the first transaction on the DWhUa wallet, the whale purchased 0.992 SOL worth $193.53. The investor then bought 2 million USDT worth $1.99 million before swapping all the 2 million USDT for 2 million USDC. According to Spot On Chain data, two swap transactions of 500K USDC each followed…

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Filed under: News - @ January 8, 2025 3:21 pm