This Move of the Whales Led to Speculation: Huge Flow to Solana Meme Coins!

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In an exciting development, Solana meme coin ‘s appear to be making waves in the cryptocurrency industry as it has prompted massive whales to buy amid the cryptocurrency market recovery. On-chain information floating on the crypto horizon showed approximately 500 million MEW and 4 million SLERF accumulated by whales from Binance in the last 24 hours. This sparked a global frenzy among crypto market traders and investors, giving rise to speculation surrounding the future price movements of the tokens.

Whales Buying MEW and SLERF Amid Market Recovery

Information provided by LookonChain, an analysis platform according toAs the broader crypto market shows signs of recovery, two whales collectively pulled nearly $3 million worth of Solana to buy MEW and SLERF in the last 24 hours.

Specifically, the whale using the address B3aTMg withdrew 10,438 SOLs worth $1.54 million from Binance to purchase 479.6 million MEW at an average price of $0.0032. The 2zWLX9 whale pulled 8,561 SOL worth $1.27 million from Binance and bought 4 million SLERF at an average price of $0.317.

Since the above-mentioned Solana meme coins have generated huge profits by helping traders make millions immediately after launch, these savings are likely to be more widespread. crypto- It should be noted that it has attracted significant attention in the market. However, MEW and SLERF have also witnessed price corrections recently; The weekly charts show a decline in prices of 5% and 6.30% respectively.

However, in line with today’s crypto market recovery, the majority of cryptos are eyeing a pump, while MEW and SLERF also recorded significant gains. The above-mentioned whale accumulations have created a bullish trend on Solana meme coins.

Rally in MEW & SLERF Prices

At the time of writing, the MEW (Cat in a Dogs World) token is currently trading at $0.004289, gaining 80.76% in value over the last 24 hours. At the same time, the SLERF token gained 26.97% in the last 24 hours and is currently at $0.3765.

The rise in prices of Solana-based meme coins is based on several factors, primarily aligned with the broader crypto market’s uptrend and significant whale accumulations. Additionally, on-chain measurements of these tokens show that market optimism for these assets has increased further.

MEW’s open interest increased by 84.33%, while derivative volume increased by 152.25%. While SLERF’s open interest increased by 49.42%, its derivative volume increased by 165.08%. These large increases show that investor interest in these assets is increasing and meme coins are further strengthening the uptrend in the market.


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