A crypto whale has scored a significant profit of over $2.9 million by strategically investing in the meme-inspired cryptocurrency BONK, according to Lookonchain, a popular on-chain data tracker.
The ентитъ acquired 98 billion BONK tokens, valued at more than $1.5 million, from Binance just before the token’s price surged by over 50% in a single day.
At press time, the whale holds 319.44 BONK tokens, amounting to over $7 million, with unrealized profits of approximately $2.9 million.
BONK is trading at $0.00002295, up 6% from yesterday and 90% this week.
The meme coin market has seen a significant shift from $27.2 billion to $32 billion this week, a notable increase that underpins the crypto market frenzy. One of the main drivers behind the upswing is PEPE, which witnessed a massive 180% surge weekly.
Lookonchain also reported how another whale capitalized on the PEPE hype by selling off their holding of 1.97 trillion PEPE tokens, valued at $6.07 million, generating a profit of $3.49 million. The whale then bought SHIB and, curiously, metaverse coins like MANA and SAND.
Dogwifhat (WIF) also surged 10% on Thursday, hitting a new all-time high and nearly reaching the $1 target. What’s more impressive than its 10% surge in a day is that WIF has exploded 200% this week, making it one of the hottest Solana-based meme coins next to BONK.
As CryptoPotato reported, an individual who initially invested just $310 worth of Solana (SOL) to purchase 2.58 million WIF tokens now holds assets valued at approximately $1.4 million.
The recent surge in price for these popular meme coins generated a lot of FOMO, leading users to place risky bets on certain tokens like WIF or PEPE. Readers should remain cautious when engaging with these types of cryptocurrencies.
The post Meme Coins Battle: Whales Are Ditching PEPE And Accumulating BONK, SHIB appeared first on CryptoPotato.
The ентитъ acquired 98 billion BONK tokens, valued at more than $1.5 million, from Binance just before the token’s price surged by over 50% in a single day.
At press time, the whale holds 319.44 BONK tokens, amounting to over $7 million, with unrealized profits of approximately $2.9 million.
BONK is trading at $0.00002295, up 6% from yesterday and 90% this week.
BONK, PEPE, & WIF Lead The Altcoin Market
The meme coin market has seen a significant shift from $27.2 billion to $32 billion this week, a notable increase that underpins the crypto market frenzy. One of the main drivers behind the upswing is PEPE, which witnessed a massive 180% surge weekly.
Lookonchain also reported how another whale capitalized on the PEPE hype by selling off their holding of 1.97 trillion PEPE tokens, valued at $6.07 million, generating a profit of $3.49 million. The whale then bought SHIB and, curiously, metaverse coins like MANA and SAND.
Dogwifhat (WIF) also surged 10% on Thursday, hitting a new all-time high and nearly reaching the $1 target. What’s more impressive than its 10% surge in a day is that WIF has exploded 200% this week, making it one of the hottest Solana-based meme coins next to BONK.
As CryptoPotato reported, an individual who initially invested just $310 worth of Solana (SOL) to purchase 2.58 million WIF tokens now holds assets valued at approximately $1.4 million.
The recent surge in price for these popular meme coins generated a lot of FOMO, leading users to place risky bets on certain tokens like WIF or PEPE. Readers should remain cautious when engaging with these types of cryptocurrencies.
The post Meme Coins Battle: Whales Are Ditching PEPE And Accumulating BONK, SHIB appeared first on CryptoPotato.
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