Solana Whale Accumulates $18.2M Worth of WIF, POPCAT, FWOG, and Michi Meme Coins

In a significant move for Solana's meme coin ecosystem, a prominent whale (address: DWhUa) has reportedly accumulated $18.2 million worth of four major meme tokens within the past 14 hours.

A prominent whale has reportedly acquired a substantial amount of four major meme tokens within the past 14 hours, amassing a total of $18.2 million in these tokens. The whale’s activity was highlighted by Spot On Chain, a crypto analytics and market insights platform.

According to the report, the whale’s massive meme coin purchases included the following:

7.18 million WIF tokens (valued at $13.3 million), which were withdrawn from Binance at an average price of $1.838.

5.77 million POPCAT tokens for $3.41 million at an average price of $0.59. Of this amount, 1.876 million POPCAT ($1.26 million) were withdrawn from Bybit, while the remaining 3.894 million POPCAT were purchased using 2.15 million USDC via decentralized exchanges (DEXs).

In addition to WIF and POPCAT, the whale also purchased FWOG and Michi tokens. They spent 979,815 USDC to acquire 4.57 million FWOG tokens at an average price of $0.2144. Furthermore, they acquired 3.9 million Michi tokens for 469,885 USDC at an average price of $0.12.

After making these acquisitions, all of the tokens were transferred to a newly created wallet and stored there. However, despite this accumulation by the whale, both WIF and POPCAT have experienced notable declines in their prices. Over the last 24 hours, WIF has dropped by 11.35%, while POPCAT has decreased by 17.33%.

This activity by a whale highlights growing interest in Solana’s meme coin ecosystem but also showcases the volatility and risks linked to these tokens. The community is keeping a close eye on these purchases to determine whether they are part of a long-term strategy or a short-term speculative play.