Transactions with meme coins on the Solana Blockchain on April 1 brought huge profits to investors and activity in the stock market. In this article, we will examine how investors are making huge profits with meme coins and how the biggest whale of Solana-based meme coin Book of Meme (BOME) has invested in a new meme coin project.
CATIONO and DEGEN investors drew attention
Transactions with meme coins on the Solana Blockchain on April 1 brought huge profits to investors. According to The Data Nerd’s tracking, an investor bought 23 million CATIONO for 6 SOL (about $1,200) and sold all CATIONO 2 minutes later, making $36,600.
Similarly, according to Lookonchain’s tracking, an address trading with DEGEN managed to increase $113,000 to $3.4 million. This address transferred 38 ETH (approximately $113,000) to Base on February 22. Then, on March 2, he purchased 85.36 million DEGEN for 31.6 ETH (about $108,000). He sold 72.73 million DEGEN 15 hours ago and obtained 2.83 million USDC. There are still 12.6 million DEGEN (about $600,000) at the current address.
BOME whale has new meme coin investment
In addition, the biggest whale of the Solana-based meme coin Book of Meme (BOME) has also turned to a new meme coin project. cryptokoin.com As we reported, BOME exploded with the rise of meme coins on the Solana Blockchain. According to the data of on-chain analysis platform Lookonchain, BOME’s biggest pre-sale whale, the investor named “sundayfunday.sol”, invested in a new meme coin called Orcat.
Data shows that this whale purchased 94.5 million ORCATs by spending $15,000 through 2 wallets. With this transaction, the investor who purchased 9.46% of the total supply became the largest ORCAT whale. Not content with the purchase, the whale investor also added 150 SOL and 12.4 million ORCAT liquidity on the decentralized exchange (DEX) Raydium.
These large transactions of the whale attracted the attention of other investors. According to Dexscreener data, ORCAT has increased by 676 thousand% in the last 24 hours. This sudden rise of meme coins on Solana in the last 24 hours shows investors’ interest in such risky investments. However, it is important for investors to remember that such investments carry high risks and should be careful against sudden price fluctuations.
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