Solana-based meme coins are reportedly getting significant attention nowadays as seen in the rising whale interest

As per the latest data from Lookonchain, the whale has recently gained a huge profit of up to $650K in the Solana ecosystem-based meme coins

In the rapidly evolving landscape of cryptocurrencies, meme coins have consistently maintained their relevance, particularly on the Solana blockchain. As revealed by the latest data from on-chain analytics platform Lookonchain, a whale investor has made a substantial profit of nearly $650K after investing $5.86M in Solana meme coins.

Lookonchain announced this event on its official social media profile on X.

Prominent on-chain analytics platform Lookonchain has announced that a whale investor has made a huge profit of $650K after investing $5.86M in Solana meme coins.

"This whale spent $1.49M to buy 1.48M $WIF (now $1.4M); $1.47M to buy 1.14M $FARTCOIN (now $1.37M); $1.05M to buy 2.92M $POPCAT (now $1.26M); $946K to buy 381M $MEW (now $1.21M); $898K to buy 67.44B $BONK (now $1.28M). Finally, he gains $658K," the statement reads.

The analysis of on-chain transactions reveals that the whale had invested $1.49M to obtain 1.48M $WIF tokens. Furthermore, the investment in $FARTCOIN amounted to $1.37M, leading to the acquisition of 1.14M tokens.

At the same time, the purchase of $POPCAT tokens had reached $1.26M, resulting in the acquisition of 2.92M tokens. To buy 381M $MEW tokens, the whale investor had utilized $946,000 in total. Finally, the total expenditure to buy 67.44 $BONK tokens was $1.28M.

Considering the current market value, the gains from $WIF, $FARTCOIN, $POPCAT, $MEW, and $BONK tokens are $2.14M, $2.82M, $2.3M, $2.15M, and $1.28M, respectively.

When combining these figures, the overall gains are valued at $658K, presenting a promising outlook for high-net-worth investors in the realm of Solana meme coins.