A deep-pocketed investor is accumulating large 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 sensible 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 good 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% prior to now 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 intently tracked by many within the crypto area together with pseudonymous dealer The Circulation Horse.
He believes cat in a canine’s world may go mainstream on high US crypto change Coinbase earlier than dogwifhat, which is at present the largest memecoin on Solana.
“At this fee, MEW appears to be like like it can get a Coinbase itemizing earlier than WIF. All joking apart, don’t fade the mission that comes out of nowhere with a stacked ebook and an oddly excessive market cap.”
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