Crypto Whales Accumulate Millions of Dollars Worth of Meme Coin Projects!

According to on-chain observer Solscan, the whale withdrew 3.848 million PNUT from Binance to a personal address.

A crypto whale has withdrawn $7.12 million worth of a meme coin project, peanut (PNUT), from the Binance exchange. The whale is also holding another meme coin, goat (GOAT), which it uploaded last week. Whale activity signals an increased interest in meme coins, which have seen a recent surge in popularity.

Crypto whale activity suggests an increasing interest in meme coins, which have seen a recent surge in popularity. According to on-chain observer Solscan, the whale withdrew 3.848 million PNUT from Binance to a personal address. The total value of this transfer was $7.12 million. This move attracted attention, as crypto whales often signal upcoming market movements.

In addition to PNUT, the whale recently made another notable move with GOAT. The whale spent $6.1 million for 10 million GOAT at an average price of $0.61. The GOAT price has recently increased by 60 percent. Also, the meme coin price has increased by 90% since the whale purchase. Whale is currently sitting on a variable profit of $5.5 million from this investment.

This increase in PNUT and GOAT prices is in line with the broader rise in Solana-based meme coins in particular. PNUT continues to trade at an all-time high. Moreover, the potential for further gains is attracting the attention of crypto investors and traders.

Solana meme coins on the rise

The rise of Ethereum-based meme coins has led to a surge in Solana meme tokens in this bull market. The Solana meme coin sector is gaining momentum with coins like ACT and PNUT reaching ATH. At the time of writing, PNUT was trading at $1.85. Also, the lows and highs of the last 24 hours were $1.63 and $2.17, respectively. Meme coin’s weekly earnings showed 2,000 percent and 3000 percent in the past month. Meanwhile, the 24-hour trading volume reached $2.88 billion.

Meanwhile, Solana-based meme coin Goatseus Maximus (GOAT) is also riding this bull market wave. As you follow from Kriptokoin.com, GOAT, named after a viral tweet by Truth Terminal and powered by an artificial intelligence bot, quickly gained traction within the crypto community. Some analysts predict that the GOAT price, which is trading at $ 1,155, will reach $ 5. The 24-hour low for GOAT is $0.899 and the highest is $1.26. Meme coin has seen an increase of 52% over the past week and 300% over the month. Meanwhile, the token’s daily trading volume was approximately $ 593.36 million.