The meme coin sector has experienced choppy trading recently amid a broader market pullback. Meanwhile, meme coin whales led by ‘Paulo.sol’ are withdrawing their investments from BONK, BODEN and WIF. On-chain watchdog Lookonchain reported that paulo.sol’s focus has shifted to two other meme coins.
Meme coin whale shifts focus from BONK, BODEN and WIF
cryptokoin.comAs you follow from , in the fast-paced world of crypto money, meme coins attract attention with increases in their prices. Popular coins like Dogecoin and Shiba Inu have long dominated the scene. However, new players are emerging and adding to the craze. However, amidst the recent fluctuations in the market, some meme coins are losing momentum while others are gaining traction. Whales in particular are now turning their attention to two special meme coins that are generating curiosity in the crypto community.
Short-term traders prefer low-cost meme coins to make profits. Meanwhile, on-chain watchdog Lookonchain has revealed a shift in focus among cryptocurrency whales. One notable whale, ‘paulo.sol’, has been observed accumulating two meme coins: PUPS and POPCAT. This legendary whale has made significant profits on meme coins such as BONK, WIF and BODEN. Yan has a history of smart investments with his moves in this field.
A closer look at meme coin accumulation
This legendary whale, known as Paulo.sol, has made significant profits from meme coins such as WIF, BODEN and BONK. In particular, paulo.sol’s strategic moves include purchasing BONK in early November 2023 and making a high profit from its rise. Similarly, he bought WIF and BODEN ahead of sharp rises in December 2023 and March 2024, respectively.
Currently paulo.sol owns a significant amount of Boden and WIF worth $7.6 million and $5.7 million respectively. However, recent reports indicate a shift in focus, with paulo.sol entering the new space of meme coins. Meanwhile, he became the largest PUPS holder on Solana after investing $5.97 million and purchasing 101,712 tokens since April 11. In addition, paulo.sol spent $1.77 million on POPCAT. Thus, he obtained 4.3 million tokens at $0.42 each. These moves point to a calculated strategy by paulo.sol. Additionally, it is attracting the attention of the crypto community.
PUPS and POPCAT price performance
Meanwhile, POPCAT price is up 41.01% today. The token was trading at $0.4616 at the time of writing. In addition, POPCAT’s transaction volume in the last 24 hours increased by 38.67% and reached 153.15 million dollars. Notably, POPCAT price has increased by nearly 220% in the last seven days.
However, despite the recent accumulation, PUPS price is down 2.24% to $36.57 at the time of writing. The trading volume of the token decreased by 23.67% to $2.82 million. Notably, the crypto has gained nearly 5% in value over the last 30 days.
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