A deep-pocketed investor is abruptly accumulating large quantities of a Dogecoin (DOGE) rival from prime US crypto trade Coinbase, on-chain knowledge reveals.
Digital asset tracker Lookonchain notices a crypto whale spent 606,00 USDC to purchase almost 228,000 dogwifhat (WIF) memecoins.
“A whale is shopping for WIF! The whale created a brand new pockets and withdrew 1.83 million USDC from Coinbase to purchase WIF. Up to now, he has spent 606,000 USDC to purchase 227,896 WIF at $2.66, with 1.22 million USDC left. The acquisition is in progress [on May 20th].”
WIF is buying and selling for $2.83 at time of writing, up 10.7% within the final 24 hours.
Subsequent up, Lookonchain seen one other crypto whale made large earnings buying and selling GME (GME), a memecoin launched on Solana (SOL) in January and impressed by the GameStop (GME) short-squeeze frenzy of 2021.
“Because the value of GME dropped, a dealer spent 3,059 SOL ($526,000) to purchase 78.57 million GME at $0.0067. This dealer spent 1,409 SOL ($165,000) to purchase 68 million GME at $0.0024 on February fifteenth and February sixteenth.
After holding it for 3 months, GME ushered in an increase. He bought 35 million GME for 3,447 SOL ($503,000) at $0.0144 on Could thirteenth and Could 14th. He at the moment holds 111.57 million GME ($781,000), with a complete revenue of ~$593,000.”
GME is buying and selling for $0.00575 at time of writing, down almost 18% within the final 24 hours.
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