Support for the meme coin segment is now stronger than before with a mysterious crypto whale wallet proceeding to purchase the likes of WIF, POPCAT, and other meme coins in large numbers. Solana meme coins are gaining traction across the crypto sphere even though the price change in the last 24 hours remained bearish.
Crypto Whale Accumulates WIF, POPCAT, And Other Meme Coins
A crypto whale, identified as a mysterious whale in the latest Lookonchain report, has reportedly bought 7.25 million WIF and 5.77 million POPCAT for an approximate value of $13.34 million and $3.83 million, respectively. This has triggered bullish futuristic speculation for both meme coins with sentiments spreading across the sphere of Solana meme coins.
Other meme coins that the mysterious whale bets on are 4.57 million FWOG and 3.9 million MICHI for a rough value of $922k and $467k.
That said, Solana meme coins and other tokens from the segment are at the center of the stage with the community speculating their future value. It is simultaneously expected that some of the top meme coins in January 2025 could see shifts in their rankings if the trend sustains any longer.
Solana Meme Coins Are Gaining Traction
Some of the top Solana meme coins can be seen making significant gains, so much so that the positions are changing nearly every hour. The current top Solana meme coin gainers are XP and Victorious, up by 510.7% and 201.6%, respectively, as the article is being drafted. Their trading values are $0.0003543 and $0.00008787, applicable in the same order.
Simultaneously, other top Solana meme coins are also gaining traction, with the recent crypto whale’s action indicating that the traders are buying the dip. For instance, BONK price was down by 14% in the last 24 hours and investors are flocking to accumulate the token before it marks any uptick.
The sentiment is similarly applicable for WIF which is down by 10.4% during the same time window. In other words, Solana meme coins have declined in a single day and investors are catching the hint of correction to purchase the dips.
Meme Coin Sector In Focus
The crypto whales are making significant moves in the meme coin sector today. For instance, the frog-themed meme coin PEPE Coin price was down by 11.16% in the last 24 hours to a value of $0.00001819 with a whale sparking market discussions. The whale has deposited 427 billion PEPE tokens worth $8.5 million to Kraken as the price slips recently.
However, despite the recent downturn, many have predicted a potential rally ahead for the meme coins. In addition, the growing community support and rising meme trends on social media platforms could further boost the prices higher.
Besides, the anticipation of meme coin’s integration into mainstream payments gained traction. Notably, speculations have soared over Dogecoin integration into X payments, especially with Elon Musk’s backing for the top dog-themed meme coin previously.
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