A significant shift in the altcoin market has been observed, with large whales exhibiting substantial buying activity across several meme coins. Recent onchain data reveals a particularly active whale focusing on Solana’s memecoin ecosystem, making sizable purchases of FARTCOIN, WIF, BONK, MEW, and POPCAT, totaling over $4 million in value. Notably, these transactions were conducted on the Solana blockchain. However, this whale experienced a notable loss of 5.84% today, amounting to a significant drop in its overall portfolio valued at $6.8 million. You can find the whale’s full portfolio here.
Further insights come from another large transaction involving ETH, where a crypto whale incurred a substantial loss. This whale sold 7,000 ETH worth $16.87 million to Binance, resulting in a net loss of $16.37 million after the transaction. However, despite this setback, their overall portfolio remains significant with 6,478 ETH worth $15.57 million remaining on their balance.
*This is not investment advice.*
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