In the world of cryptocurrencies, meme coins have always held a significant place. Meme coins like DOGE, SHIB, PEPE, WIF, and BONK continue to attract substantial interest in the market.
WIF Coin Comments
On-chain data shows that a whale investor suddenly accumulated large amounts of one of Dogecoin’s (DOGE) competitors from Coinbase, the largest crypto exchange in the US by volume.
Lookonchain data reveals that the mentioned crypto whale spent approximately 606,000 USDC to purchase around 228,000 dogwifhat (WIF) meme coins.
A whale is buying WIF! The whale created a new wallet and withdrew 1.83 million USDC from Coinbase to buy WIF. So far, they have spent 606,000 USDC to purchase 227,896 WIF at $2.66 each, leaving 1.22 million USDC remaining. The purchase continues [on May 20].
WIF continues to trade at $2.75 at the time of writing, following a 1% drop in the last 24 hours. WIF’s market cap stands at $2.7 billion, placing it 45th in volume rankings.
The 24-hour trading volume of WIF has seen a significant increase. WIF’s 24-hour trading volume rose by 46%, reaching $921 million.
GME Coin Comments
Lookonchain revealed another significant topic. Another crypto whale made substantial profits trading GME (GME), a memecoin created on the Solana (SOL) network in January, inspired by the 2021 GameStop (GME) short-squeeze events.
Since GME’s price dropped, a trader spent 3,059 SOL (526,000 dollars) to buy 78.57 million GME at $0.0067 each. This trader spent 1,409 SOL (165,000 dollars) to buy 68 million GME at $0.0024 each on February 15 and 16. After holding for three months, GME surged. On May 13 and 14, the trader sold 35 million GME for 3,447 SOL (503,000 dollars) at $0.0144 each. Currently, the trader holds 111.57 million GME (781,000 dollars) and has made a total profit of approximately 593,000 dollars.
GME continues to trade at $0.006277 after a 16% rise in the last 24 hours. GME’s market cap is $43 million, while its 24-hour trading volume dropped by 26% to $64 million.
