Exclusive: Discover the Biggest Solana Altcoin Holder Before Bitcoin Halving
If youโre a fan of cryptocurrency and memecoins, youโd be interested to know that a crypto whale has recently emerged as the largest holder of a dog-themed altcoin on the Solana blockchain.
Tracking the Whales
- A blockchain tracking firm, Lookonchain, has revealed that a deep-pocketed entity has acquired $4.29 million worth of PUPS, an amusing animal-themed meme token.
- PUPS was originally designed for Bitcoin Ordinals but is also available on the Solana network.
- The whaleโs latest purchase, totaling over half a million dollars, has solidified their position as Solanaโs top holder of PUPS.
- The whale purchased 8,862 PUPS for $512,000, with a total of 63,024 PUPS ($4.29 million) acquired at an average price of $68, making them the leading PUPS holder on Solana.
- Lookonchain also highlighted that the same whale owns Jeo Boden (BODEN), inspired by President Joe Biden, and dogwifhat (WIF), a dog-themed token.
- In a recent correction, Solana whales were observed snagging significant discounts on various altcoins.
- One whale bought sloth-themed Slerf (SLERF) and Pepe the Frog-themed Book of Meme (BOME) tokens from Binance, while another investor acquired BODEN through KuCoin.
- Additionally, four other whales sold off around $12.41 million worth of WIF near the correctionโs bottom.
Conclusion
A crypto whale has quickly risen to prominence by becoming the biggest holder of a dog-themed altcoin on the Solana blockchain, solidifying their position with substantial holdings and strategic purchases. This whaleโs activity sheds light on the growing trend of whales accumulating meme tokens and altcoins, highlighting the evolving landscape of cryptocurrency investments.
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