In the fast world of cryptocurrency, meme coin ‘s popularity is increasing and attracting the attention of investors. Alongside long-established coins like Dogecoin and Shiba Inu, new meme coins are also entering the market and adding to the craze.
Amid the recent fluctuations, some meme coins are falling in value while others are starting to gain attention. In particular, influential investors (whales) with large assets are showing interest in two special meme coins that are arousing curiosity in the crypto community.
Whales Shift Focus from BONK, BODEN and WIF
As we reported as Koinfinans.com, the meme coin industry has recently shown a significant performance by attracting the attention of market participants. Data from Lookonchain shows a shift in focus among cryptocurrency whales as short-term traders look to profit from low-cost meme coins.
In particular, a notable whale, paulo.sol, was observed accumulating two meme coins, namely PUPS and POPCAT. This legendary whale, with its previous investments BONKhas made significant profits from meme coins such as WIF and BODEN and has a track record of smart investing.
According to Lookonchain’s report, paulo.sol’s focus on PUPS and POPCAT followed the success of its previous investments. The report also highlights paulo.sol’s strategic moves in coins such as BONK, WIF and BODEN and its investments that have yielded impressive returns.
A Closer Look at Meme Coin Accumulation
This prominent figure, known as Paulo.sol, has made huge profits, especially from meme coins such as WIF, Boden and BONK. He is known for strategic moves such as making high profits by purchasing BONK in November 2023. Similarly, WIF and Boden were purchased following their sharp rises in December 2023 and March 2024.
Currently, paulo.sol owns a significant amount of Boden and WIFIt has . However, recent reports indicate a shift in focus, with paulo.sol turning to new meme coins.
Since April 11, paulo.sol has purchased 101,712 tokens, investing $5.97 million to become the largest PUPS holder on Solana. Additionally, paulo.sol spent $1.77 million on POPCAT, obtaining 4.3 million tokens at $0.42 each. These moves indicate that paulo.sol is operating with a specific strategy and is generating attention and speculation within the crypto community.
However, despite the recent accumulation, the PUPS price is trading at $36.57, down 2.24% at press time, and trading volume is down 23.67% to $2.82 million. Notably, the crypto has gained nearly 5% in value over the last 30 days.
On the other hand, POPCAT price rose 41.01% today and traded at $0.4616. Trading volume in the last 24 hours increased by 38.67% and reached 153.15 million dollars. Additionally, the POPCAT price has increased by approximately 220% in the last seven days.
