When the crypto market shows bullish signs, the meme coin space sees strong movements. During this period, especially whales buy and sell large amounts of tokens. Some of them are also making satisfactory and notable profits. According to the analytics platform Lookonchain, a whale who made a huge profit from PEPE Coin has now bought 5 altcoins. Lookonchain also shared that another whale had his basket filled with WIF.
Meme coin whale added 5 altcoins to his cart!
cryptokoin.comAs you can follow from , the market goes back and forth. However, meme coins sometimes catch fire and go out. Investors who managed to turn this situation into profit attract attention. Analytics platform Lookonchain reported that a whale named ‘jwynn.eth’, who previously made more than $12 million in profits from PEPE, is now adding new altcoins to its portfolio. Accordingly, in the last two days, the whale added BOBO, ANDY, JOTCHUA, BIRDDOG and BRETT to his basket. In this context, Lookonchain shared the following:
This whale (jwynn.eth) is a smart trader who made $12.8 million (1,503x) on PEPE. He also recently made another $818k by trading on BOBO and ANDY! He traded BOBO, ANDY, JOTCHUA, BIRDDOG and BRETT in the past 2 days and all 5 tokens are currently profitable.
However, the coins traded by jwynn.eth are not always profitable. We scanned all of his transactions: He traded a total of 20 coins, of which only 9 were profitable, with a winning rate of just 45%.
Whale filled his basket with WIF
Meanwhile, Lookonchain also drew attention to another whale. Accordingly, this whale purchased 1.15 million WIFs worth approximately $3.77 million. These whale transactions include withdrawing and depositing large amounts of WIF tokens through Binance. This points to the whale’s tactical asset management. Lookonchain reported the whale’s latest transaction with the following post:
A whale spent 24,174 SOL ($3.77 million) to buy 1.15 million WIF and withdrew 39,600 WIF ($131k) from Binance 5 hours ago. Whale also withdrew 357,298 WIF ($1 million) from Binance on April 14. He then invested the entire WIF into Kamino and Meteora.
WIF price performance
Meme coin saw a strong rise from an intraday low of $2,835 to a high of $3,550. As the trading day progressed, the token lost ground along with the market decline. However, it remains in the green zone. WIF was trading at $3.27 at the time of writing. This represents an increase of approximately 6% since the beginning of the day. It also signals strong investor confidence as it defies the market decline.
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