It seems like a big crypto whale has also been caught up in the memecoin wave that has been gaining momentum lately.
According to onchain data provided by Lookonchain, a massive crypto whale sold $2.7 million worth of Solana ($SOL) today and bought dogwifhat ($WIF) and Bonk ($BONK).
The whale wallet used $1.57 million of the funds it received from the $SOL sale to buy $WIF at an average price of $3.87, and $1.13 million of the funds it received from the $SOL sale to buy $BONK at an average price of $0.0000387.
When the latest updated data is examined, it is seen that the $WIF price is traded at $ 3.99, while $BONK is at $ 0.00003782. In other words, the whale wallet has made a profit on the $WIF token, but has some losses on $BONK.
The memecoin craze is especially felt in the Solana ecosystem. The PNUT token, which was launched recently but still reached a market value of $ 1.82 billion, is also among the altcoins in the Solana ecosystem.
*This is not investment advice.