The rise in the cryptocurrency market has spurred activity among major investors, known as whales. According to Lookonchain, a significant whale purchased a large amount of SOL to acquire WIF and BONK, leading to increases in their values.
Whale's Significant Investment in WIF
The whale initially invested in the WIF coin, spending 7,200 SOL (approximately $1.57 million) to acquire 406,000 WIF coins. After this acquisition, WIF's price increased by 44%. Analysts believe this could attract further interest to WIF.
Marked Increase Following BONK Acquisition
The whale also spent 5,200 SOL (around $1.13 million) to buy 29.32 billion BONK coins. This substantial investment increased BONK's value by 31%, sparking interest from traders.
Overall Market Activity Boost
Recent large-scale investments have caused sudden market price fluctuations. The whale's transactions have become notable and discussed events within the market.
The current activity of significant investors showcases their major impact on the crypto market, attracting interest and potential involvement from new participants.
