Due to rising market interest in meme coins, a crypto whale has bet heavily on Solana meme coins like WIF, POPCAT, FWOG, and MICHI.
There is now more significant support for the meme coin segment, as a mysterious crypto whale wallet has purchased many meme coins, including WIF and POPCAT. Even though the price change in the past 24 hours was bearish, Solana meme coins are gaining popularity in the cryptosphere.
Crypto Whale Accumulates WIF, POPCAT, And Other Meme Coins
According to the most recent Lookonchain report, a crypto whale, referred to as a “mysterious whale,” has acquired 7.25 million WIF and 5.77 million POPCAT for an estimated value of $13.34 million and $3.83 million, respectively. This has resulted in bullish futuristic speculation for both meme coins, with sentiments disseminating throughout the Solana meme coin sphere.
Other meme coins that the enigmatic whale bets on are 4.57 million FWOG and 3.9 million MICHI, which have a rough value of $922k and $467k, respectively.
Nevertheless, the Solana meme coins and other tokens from the segment are currently the focal point of the stage, with the community speculating on their potential future value. At the same time, it is anticipated that the rankings of some of the top meme coins in January 2025 may change if the trend persists for an extended period.
Solana Meme Coins Are Increasingly Popular
The positions of some of the top Solana meme coins are changing almost every hour, as they are observed to be making significant gains. XP and Victorious are the current top Solana meme coin gainers, with a 510.7% and 201.6% increase, respectively, as the article is being drafted. Their trading values are $0.0003543 and $0.00008787, applicable in the same order.
Simultaneously, other prominent Solana meme coins are also experiencing growth, as evidenced by the recent crypto whale activity, which suggests that traders are purchasing the dip. For example, the price of BONK has decreased by 14% in the past 24 hours, and investors are rushing to acquire the token before it experiences any upward movement.
The sentiment also applies to WIF, which has experienced a 10.4% decline during the same time frame. In other words, Solana meme coins have experienced a decline in a single day, and investors are leveraging the indication of a correction to acquire the dips.
The Sector of Meme Coins Under Consideration
The meme coin sector is currently experiencing substantial activity from the crypto whales. For example, the price of the frog-themed meme coin PEPE Coin has decreased by 11.16% in the past 24 hours to $0.00001819, as a whale has sparked market discussions. Kraken has received 427 billion PEPE tokens, valued at $8.5 million, from the whale, as the price has recently declined.
Nevertheless, despite the recent decline, numerous analysts have anticipated that meme coins may experience a subsequent surge. Furthermore, the increasing community support and the increasing popularity of memes on social media platforms may further inflate the prices.
In addition, the expectation of meme coin’s integration into mainstream payments gained momentum. It is worth noting that there has been a significant increase in speculation regarding the integration of Dogecoin into X payments, particularly in light of Elon Musk’s previous endorsement of the top dog-themed meme coin.