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Solana-based mem token $BONK, which experienced a great rise after the listings of Binance and Coinbase on the world's leading stock exchanges, has recently entered a downward trend.
However, $BONK, which took action with the rally in Bitcoin yesterday, increased by 26% in the last 24 hours.
While this rise in $BONK also mobilized the whales, the whale, which earned approximately 7 million dollars from $BONK trade, started buying again.
According to Lookonchain's post, the smart whale, who earned 6.9 million dollars from $BONK, bought 3.29 billion $BONK for 386 $SOL (worth 40 thousand dollars) today.
Lookonchain also said that this whale had been accumulating $BONK for about 9 months and started selling his $BONK after the Binance listing.
“This smart whale, who earned approximately $6.9 million in $BONK trading, bought 3.29 billion $BONK again today and spent 386 Solana (worth $40 thousand) for these BONKs!
“This whale accumulated 371.4 billion $BONK in 9 months at a cost of only 6,998 $SOL ($276 thousand) and sold half of the $BONK for 50,139 $SOL ($5.2 million) during the $BONK rise.”
$BONK continues to trade at $0.00001289 at the time of writing.
This smart trader who made ~$6.9M on $BONK spent 386 $SOL($40K) to buy 3.29B $BONK again today!
He accumulated 371.4B $BONK in 9 months at a cost of only 6,998 $SOL($276K) and sold half of the $BONK during the $BONK surge for 50,139 $SOL($5.2M).https://t.co/pOFRD2ndI8 pic.twitter.com/lkgGm13G0e
— Lookonchain (@lookonchain) January 9, 2024
*This is not investment advice.