A deep-pocketed investor is accumulating huge quantities of two Solana (SOL)-based memecoins, on-chain knowledge 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 sensible 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 good 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% previously day, WIF is buying and selling for $3.96, down practically 7% within the final 24 hours and Solana-based meme token Slerf (SLERF) is buying and selling for $0.47, down practically 11% within the final 24 hours.
Solana’s explosive memecoin ecosystem is being intently tracked by many within the crypto house together with pseudonymous dealer The Movement Horse.
He believes cat in a canine’s world may go mainstream on prime US crypto alternate Coinbase earlier than dogwifhat, which is at present the largest memecoin on Solana.
“At this fee, MEW appears like it should get a Coinbase itemizing earlier than WIF. All joking apart, don’t fade the venture that comes out of nowhere with a stacked e-book and an oddly excessive market cap.”
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