Today, the memecoins $BODEN, $WIF, and $PUPs have witnessed significant bullish price movements, with gains of 20%, 13%, and 17% respectively.
These price surges suggest increased accumulation by whales within the cryptocurrency market.
Data from Lookonchain reveals that a notable whale activity occurred, with a whale purchasing 1.8 million $BODEN tokens, valued at $1.15 million, and 1.05 million $WIF tokens, worth $2.63 million. Additionally, the whale acquired 54,161 $PUPs tokens, amounting to $2.88 million, at an average price of $70 since April 11th.
We noticed that a whale spent 1.8M $boden($1.15M) and 1.05M $WIF($2.63M) to buy 54,161 $PUPS($2.88M) at an average price of $70 since Apr 11.
This whale still holds 20M $boden($16.4M) and 2.22M $WIF($6.1M).https://t.co/P7xLmFYaUa pic.twitter.com/PPlh2UwKuu
— Lookonchain (@lookonchain) April 19, 2024
Whale Still Holds Notable Amount Of These Memecoins
Despite these significant purchases, the whale still retains a substantial holding of 20 million $BODEN tokens, valued at $16.4 million, and 2.22 million $WIF tokens, worth $6.1 million.
The surge in price and whale accumulation indicate growing interest and confidence in these memecoins among investors. This influx of capital from whales suggests a bullish sentiment surrounding these tokens, driving up their prices in the market.
Investors and traders are closely monitoring these developments, seeking to capitalize on potential price movements and trends within the memecoin space. As whales continue to accumulate these tokens, it signals their belief in the long-term viability and potential growth of these projects.
Overall, the bullish price movements of $BODEN, $WIF, and $PUPs, coupled with significant whale accumulation, highlight the ongoing dynamics within the memecoin market.
While volatility remains a factor, the current trend suggests positive momentum and renewed interest in these tokens among cryptocurrency enthusiasts.
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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