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A deep-pocketed investor is accumulating huge quantities of two Solana (SOL)-based memecoins, on-chain information exhibits.
Blockchain-monitoring service Lookonchain says that one dealer simply purchased 181 million cat in a canine’s world (MEW) after shopping for 776,830 dogwifhat (WIF) lower than two weeks earlier.
“A wise cash is shopping for MEW with a brand new pockets, and has spent 6,000 SOL ($1.15 million) to purchase 181 million MEW [on Monday]. This sensible cash spent 10,000 SOL ($1.91 million) to purchase 776,830 WIF ($3.18 million) on March twentieth, with an unrealized revenue of $1.27 million. He additionally made 4,893 SOL ($934,000) on SLERF.”
At time of writing, MEW is price $0.007718, up over 45% up to now day, WIF is buying and selling for $3.96, down almost 7% within the final 24 hours and Solana-based meme token Slerf (SLERF) is buying and selling for $0.47, down almost 11% within the final 24 hours.
Solana’s explosive memecoin ecosystem is being carefully tracked by many within the crypto area together with pseudonymous dealer The Move Horse.
He believes cat in a canine’s world may go mainstream on high US crypto change Coinbase earlier than dogwifhat, which is at present the largest memecoin on Solana.
“At this charge, MEW seems like it should get a Coinbase itemizing earlier than WIF. All joking apart, don’t fade the undertaking that comes out of nowhere with a stacked ebook and an oddly excessive market cap.”
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