Whales on the Solana (SOL) blockchain are gobbling up discounts on meme coins following a market-wide correction over the weekend, according to on-chain data.
Blockchain tracking company Lookonchain spotted Cryptocurrency exchanges Kucoin and Binance offer sloth-themed Slerf (SLERF), Pepe the Frog-themed Book of Meme (BOME), and President Joe Biden-inspired Jeo Boden (BODEN). Two solanan whales went in to accumulate.
“What did the whales buy in Solana after the market fell?
I noticed that whales are buying SLERF, BOME, and BODEN.
4eocFb withdrew 31,916 SOL ($4.56 million) from Kucoin and used 2,055 SOL ($294,000) to purchase 500,979 BODEN at $0.59.
9CjKf5 withdrew 15,751 SOL ($2.25 million) from Binance, then used 7,812 SOL ($1.12 million) to buy 4.86 million SLERF for $0.23, and used 4,623 SOL ($661,000) to buy 67.53 million BOME for $0.0098 I bought it at ”
While the two whales were actively accumulating during the adjustment, some of the others were less enthusiastic, Lookonchain said.
According to the company, four types of whales panic selling At or near the bottom of the correction, a total of $12.41 million worth of Solana's largest meme coin, Dogwifat (WIF), was released.
“Four whales panicked and sold 5.68 million WIF ($12.41 million) after the market fell.
9WHHoq sold 3.12 million WIF for 7.34 million USDC at $2.35.
BdvbXr sold 1.016 million WIF for 1.93 million USDC at $1.9.
85Abtu sold 905,074 WIF for 1.88 million USDC at $2.08.
DpJGh2 sold 641,598 WIF for 1.26 million USDC at $1.97.
address:
9WHHoqrLnhCNbXJewishPkS7Wmh5cWEgDh4twSoKCwYHTuH
DpJGh2QcKMXFo3PPFBykYYLdR6XRjh6PvxiwgLZXxtbR
BdvbXrcitJaVL9XwBDezHVZCCsF56ysF8qBpfN54cB7f
85AbtuJxDmwgNxEB3baQ9Lf58nutZwfzNpXor76dDpT7″
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