In the vibrant environment of the cryptocurrency world, meme coin market has managed to become the center of great attention recently, especially this year, well-established names such as Dogecoin and Shiba Inu, as well as successful projects such as WIF and BODEN, are the main reason for the increase in this interest. However, recent developments show that a leading whale is drawing attention to a new player: PUPS (Ordinals).
Recently, as the trend surrounding meme coins continues, there was a notable move by a prominent crypto community member. According to Lookonchain’s latest report, a whale is the oldest blockchain platform built on PUPS made a strategic transition to the meme coin project called.
Notably, this move by this whale towards PUPS shows increased confidence in the asset, as the whale made this transition by selling a significant amount of BODEN and WIF. This move led to speculation among market participants about a potential shift in investors’ focus.
In this transaction, the whale was found to have spent $1.8 million in BODEN (valued at approximately $1.15 million) and $1.05 million in WIF (valued at approximately $2.63 million) to obtain 54,161 PUPS worth approximately $2.88 million. was done. Whale has been purchasing the coin since April 11 at an average price of $70.
Notably, the whale currently holds significant holdings in both BODEN and WIF, indicating a thoughtful diversification strategy in the meme coin space. Whale still has in his portfolio $16.4 million worth approximately 20 million BODEN and $6.1 million worth approximately 2.22 million WIF.
Speculations Increase as PUPS Price Rises
PUPS, also known as the first meme coin on the Bitcoin blockchain, attracted attention with its unique features and increasing investor interest. Focusing on innovation and community participation, the project managed to stand out with some details.
In addition, like trader Ansem cryptocurrency Confirmations from market leaders further fueled speculation about the coin. Ansem’s recent comparison of WIF to PUPS highlighted significant upside potential in the meme coin space, increasing curiosity and investment activity.
Meanwhile, as PUPS continues to make waves in the cryptocurrency space, investors are closely monitoring its progress and assessing its long-term viability. With the support of strategic players like the whale mentioned above and endorsements from key influencers, PUPS looks poised to carve out a distinct niche in the meme coin ecosystem.
As of writing, the PUPS price was traded at $54.27, an increase of 9.02%, while the transaction volume increased by 58.04% in the last 24 hours, reaching $7.26 million. Notably, the crypto showed high volatility of $107.22 and high volatility of $38.10 in the last 24 hours.
