An investor on the Solana platform actively purchased memecoins worth over $18 million. Data showed all purchases were made via Binance and DEX, then transferred to another wallet.
Activity of a Large Investor
According to Spot On Chain data, a wallet named ‘DWhUa’ was used for withdrawals on exchanges. The whale accumulated 7.23 million WIF and 5.77 million POPCAT, spending millions of dollars. All transactions were finalized within 16 hours, and the memecoins were transferred to the wallet ‘D2Noa’.
Sharp Changes in Solana Memecoin Market
The Solana memecoin market has attracted significant attention after its total market cap exceeded $22 billion. The cause for this is the active dynamics of cryptocurrencies associated with AI.
Financial Prospects of Solana
Technical indicators show a confident upward movement of memecoins on the Solana platform. Memecoins like Pudgy Penguins and Fartcoin are strengthening their positions. Growth continues due to collaborations with meme influencers.
The activity of major investors and market trends confirm the strength of memecoins on the Solana platform. Prospects for growth remain positive with the current market sentiment.
