Blockchain tracking platform Lookonchain called attention to this whale's movement in a tweet.
A crypto whale has invested a total of $5.86 million in five different Solana-based meme coins and is currently sitting on $658,000 in unrealized gains. Blockchain tracking platform Lookonchain highlighted this capital movement in a recent tweet.
The crypto whale’s strategy involved splitting the capital across WIF, Fartcoin, POPCAT, MEW, and BONK. All these tokens are native to the Solana blockchain and represent the growing trend of speculative trading in meme-themed cryptocurrencies.
According to Lookonchain’s analysis, the whale bought 1.48 million WIF tokens for $1.49 million, which are now valued at approximately $1.42 million. He also acquired 1.14 million Fartcoin for $1.47 million, with a current valuation of $1.37 million.
For POPCAT, the whale purchased 2.92 million tokens for $1.05 million, which is now worth $1.26 million. He also bought 381 million MEW for $946,000, which has since increased to $1.21 million. Lastly, the whale invested $898,000 to acquire 67.44 billion BONK tokens, which are now valued at around $1.29 million.
Among the tokens, BONK has delivered the largest unrealized profit, which amounts to $392,000 at current market prices. In total, the wallet now holds approximately $6.52 million, generating a gain of $658,000.
Aside from this crypto whale, other recent whale activities suggest a mixed sentiment in the crypto market. Lookonchain reports a major whale accumulating PEPE, withdrawing over 2.21 trillion tokens (worth $29.28 million) from Binance in just two days.
Another whale, identified as "0x966..." reactivated after two years of dormancy and withdrew 1.79 trillion PEPE ($22.23 million), hinting at renewed confidence in the token. Similarly, a new whale spent $1.7 million in USDC to acquire over 786,000 GRASS, another emerging meme coin. This shows that meme coins still capture attention despite broader market volatility.
However, also reported a large liquidation of LDO tokens. One whale liquidated 300,000 LDO for 680 ETH (around $1.2 million) and another sold 260,000 LDO for 560 ETH ($985,000). This triggered a 25% price drop for LDO within a week. Additionally, a whale sold 600,000 BLUR tokens for 376 ETH, leading to a 20% decline in BLUR’s price.
