As the cryptocurrency market begins to recover from recent volatility, whales have been spotted making strategic moves in Solana memecoins, particularly $MEW, known as “cat in a dogs world,” and $SLERF.
B3aTMg, a prominent player in the crypto sphere, recently withdrew 10,438 SOL ($1.54 million) from Binance to acquire a whopping 479.6 million $MEW tokens at an average price of $0.0032. Similarly, 2zWLX9 withdrew 8,561 SOL ($1.27 million) to purchase 4 million $SLERF tokens at an average price of $0.317.
During the market rebound, whales bought $MEW and $SLERF.
B3aTMg withdrew 10,438 $SOL($1.54M) from #Binance to buy 479.6M $MEW at an average price of $0.0032.https://t.co/K32EUy5cF8
2zWLX9 withdrew 8,561 $SOL($1.27M) from #Binance to buy 4M $SLERF at an average price of… pic.twitter.com/qeIWdDTyGt
— Lookonchain (@lookonchain) April 15, 2024
The rebound in the market has seen $SLERF making a remarkable recovery, surging by 47% in the past 24 hours. Astute investors, often referred to as “smart money,” capitalized on the short-term bottom, raking in profits of 3,264 SOL with an impressive return rate of 69%.
More Whale Wallets Accumulating More $SLERF Token
One particular address made a strategic move by acquiring 2,659,661 $SLERF tokens at an average price of $0.2242 during the early hours of April 14.
SLERF 过去 24 小时强势反弹 47%🚀 聪明钱通过在短期底部建仓，现已浮盈 3264 SOL，回报率 69%
该地址在 04.14 凌晨以均价 $0.2242 买入 2,659,661 枚 $SLERF （现价 $0.3801），短短 30 小时已浮盈 41.4 万美金，暂未转移或卖出
钱包地址 https://t.co/fE4in9ph2i；本条推特由 #Bitget 赞助 pic.twitter.com/MofWlANZ91
— Ai 姨 (@ai_9684xtpa) April 15, 2024
With the current price sitting at $0.3801, the address has seen a staggering profit of $414,000 in just 30 hours. Remarkably, these tokens have yet to be transferred or sold, indicating a bullish sentiment among investors.
At the time of reporting, $MEW has surged by an astonishing 86% today, while $SLERF has also seen a commendable gain of 6%. These developments underscore the resilience and potential for significant gains in Solana memecoins amidst market fluctuations, attracting attention from both whales and retail investors alike.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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