According to on-chain data, whales on the Solana (SOL) blockchain are significantly increasing memecoin discounts following a market-wide correction over the weekend.
Blockchain tracking company Lookonchain spotted Two Solana whales went in to accumulate the sloth-themed Slerf (SLERF), the Pepe the Frog-themed Meme (BOME), and the President Joe Biden-inspired Jeo Boden (BODEN) from cryptocurrency exchanges Kucoin and Binance.
“What did the whales buy from Solana after the market fell?
We discovered that whales bought SLERF, BOME and BODEN!
4eocFb withdrew 31,916 SOL ($4.56 million) from Kucoin and spent 2,055 SOL ($294,000) to purchase 500,979 BODEN for $0.59.
After withdrawing 15,751 SOL ($2.25 million) from Binance, 9CjKf5 used 7812 SOL ($1.12 million) to buy 4.86 million SLERF for $0.23 and 4,623 SOL ($661,000) to buy 67.53 million BOME for $0.0098 .”
Two whales accumulated aggressively during rowing, but the others were less enthusiastic, Lookonchain says.
Four different whales, according to the company. I was embarrassed and sold At or near the bottom of the correction, a total of $12.41 million worth of dogwifhat (WIF), the largest memecoin on Solana, was unloaded.
“After the market fell, four whales panicked and sold 5.68 million WIF ($12.41 million)!
9WHHoq sold 3.12 million WIF for 7.34 million USDC at $2.35.
BdvbXr sold 1.016 million WIF for 1.93 million USDC at $1.90.
85Abtu sold 905,074 WIF for 1.88 million USDC at $2.08.
DpJGh2 sold 641,598 WIF at $1.97 for 1.26 million USDC.
address:
9WHHoqrLnhCNbXJewPkS7Wmh5cWEgDh4twSoKCwYHTuH
DpJGh2QcKMXFo3PPFBykYYLdR6XRjh6PvxiwgLZXxtbR
BdvbXrcitJaVL9XwBDezHVZCCsF56ysF8qBpfN54cB7f
85AbtuJxDmwgNxEB3baQ9Lf58nutZwfzNpXor76dDpT7″
Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox
Check Price Action
follow us TwitterFacebook, Telegram
Daily Hodl Mix Surfing
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.
Image created by: Midjourney