Large amount of whale movements detected by Lookonchain Memecoin The token movement attracted attention. The source of the tokens in question is an airdrop.
Memeland Memecoin, a token backed by , has managed to gain great momentum with the recent announcement of its debut on various crypto exchanges. As we reported as Koinfinans.com, the price of the token has increased by over 2500% since its launch.
However, a striking detail in the on-chain data is PEPE Coin. The market movement of the Memecoin in question is quite similar to PEPE so far. Analysts who noticed this detail made predictions that it could record a similar giant rally.
According to data released by Lookonchain, an address named memeland.eth reportedly received 77 million MEME tokens worth $1.39 million from airdrops from an unknown address named 0xb1911D….bE6ea675c1Ce7. However, the same address, 138 million for $2.49 million via FireSales from unknown address 0xE6f3494E8….5D90Dc3704 MEME token took.
Apart from this, another transaction that caught the attention of crypto enthusiasts was that an address named degensfund.eth received 57.93 million MEME tokens worth $1.04 million via airdrop from wallet address Oxb1911D…675c1Ce7. Interestingly, the same address, degensfund.eth, OxE6f349…90Dc3704, was reported to have received 27.14 million MEME tokens from FireSales, equivalent to $489k, by another unknown address.
As of writing, Memecoin price was trading at $0.01793 as of today and had fallen close to 4%. Additionally, the MEME token price has recorded another significant decline, falling by 33.49% in the last seven days. Although twenty-four-hour trading volume increased by 8.49%, the token’s market value decreased by 4.96%.