Whales Are Ditching PEPE And Accumulating BONK, SHIB

A crypto whale has scored a major revenue of over $2.9 million by strategically investing within the meme-inspired cryptocurrency BONK, in keeping with Lookonchain, a preferred on-chain information tracker.

The ентитъ acquired 98 billion BONK tokens, valued at greater than $1.5 million, from Binance simply earlier than the token’s worth surged by over 50% in a single day.

In the present day the worth of $BONK has elevated by greater than 50%!

A SmartMoney accrued 98B $BONK($1.54M) from #Binance once more earlier than the worth elevated.

He at present holds 319.44B $BONK($7M), with a revenue of $2.9M.https://t.co/1oXGa1QlKp pic.twitter.com/TXYw2H07yz

— Lookonchain (@lookonchain) February 29, 2024

At press time, the whale holds 319.44 BONK tokens, amounting to over $7 million, with unrealized income of roughly $2.9 million.

BONK is buying and selling at $0.00002295, up 6% from yesterday and 90% this week.

BONK, PEPE, & WIF Lead The Altcoin Market

The meme coin market has seen a major shift from $27.2 billion to $32 billion this week, a notable improve that underpins the crypto market frenzy. One of many important drivers behind the upswing is PEPE, which witnessed an enormous 180% surge weekly.

Lookonchain additionally reported how one other whale capitalized on the PEPE hype by promoting off their holding of 1.97 trillion PEPE tokens, valued at $6.07 million, producing a revenue of $3.49 million. The whale then purchased SHIB and, curiously, metaverse cash like MANA and SAND.

A wise whale modified his place from $PEPE to $SHIB, $MANA, $SAND, and $GALA.

The whale bought all 1.97T $PEPE($6.07M) and made a revenue of $3.49M.

Then purchased 75.9B $SHIB($893Ok), 1.6M $MANA($1.07M), 2.43M $SAND($1.48M) and 36.88M $GALA($1.46M).https://t.co/TsQgABvjIt pic.twitter.com/PbWGVtOVOZ

— Lookonchain (@lookonchain) March 1, 2024

Dogwifhat (WIF) additionally surged 10% on Thursday, hitting a brand new all-time excessive and practically reaching the $1 goal. What’s extra spectacular than its 10% surge in a day is that WIF has exploded 200% this week, making it one of many hottest Solana-based meme cash subsequent to BONK.

As CryptoPotato reported, a person who initially invested simply $310 price of Solana (SOL) to buy 2.58 million WIF tokens now holds property valued at roughly $1.four million.

The latest surge in worth for these common meme cash generated a number of FOMO, main customers to put dangerous bets on sure tokens like WIF or PEPE. Readers ought to stay cautious when participating with these kinds of cryptocurrencies.