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Two Meme Coin Whales Load These 6 Altcoins!
When the crypto market shows signs of bullishness, the meme coin space witnesses strong movements. During this period, especially whales trade large amounts of tokens. Some of them are also making significant profits in satisfaction. According to analytics platform Lookonchain, a whale that made a huge profit on PEPE Coin has now bought 5 altcoins. Lookonchain also shared that another whale filled its basket with WIF.
Meme coin whale added 5 altcoins to its basket!
Cryptocoin.comAs you have been following the market, the market has been going back and forth. However, meme coins flame out from time to time. Investors who managed to turn this situation into profit attract attention. Analytics platform Lookonchain reported that a whale named ‘jwynn.eth’, who previously profited more than $12 million from PEPE, is now adding new altcoins to his portfolio. Accordingly, the whale has added BOBO, ANDY, JOTCHUA, BIRDDOG and BRETT to its basket in the last two days. In this context, Lookonchain shared the following post:
This whale (jwynn.eth) is a smart trader who made $12.8 million (1,503x) on PEPE. He also recently made another $818k trading BOBO and ANDY! In the past 2 days he has traded BOBO, ANDY, JOTCHUA, BIRDDOG and BRETT and is now in profit on all 5 tokens.
But coins traded by jwynn.eth are not always profitable. We scanned all his trades: He traded a total of 20 coins, of which only 9 were profitable, with a win rate of just 45%.
jwynn.eth(@JamesWynnReal) – A smart trader who made $12.8M(1,503x) on $PEPE.
He also traded $BOBO and $ANDY recently, making another $818K!
1/ Let’s dig into his trades.👇 pic.twitter.com/2vOkjObVPr
– Lookonchain (@lookonchain) April 24, 2024
The whale filled its basket with WIF
Meanwhile, Lookonchain also drew attention to another whale. Accordingly, this whale bought 1.15 million WIFs worth approximately $3.77 million. This whale’s transactions include withdrawing and depositing large amounts of WIF tokens on Binance. This points to tactical asset management by the whale. Lookonchain reported the whale’s latest transaction with the following post:
A whale spent 24,174 SOL ($3.77 million) to buy 1.15 million WIFs and withdrew 39,600 WIFs ($131,000) from Binance 5 hours ago. Whale also withdrew 357,298 WIF ($1 million) from Binance on April 14. He then invested all the WIF in Kamino and Meteora.
A whale spent 24,174 $SOL($3.77M) to buy 1.15M $WIF and withdrew 39,600 $WIF($131K) from #Binance 5 hours ago.
The whale also withdrew 357,298 $WIF ($1M) from #Binance on April 14th.
Then he deposited all $WIF into #Kamino and #Meteora.https://t.co/6exqPdOVoQ pic.twitter.com/VjBwhZgqCM
– Lookonchain (@lookonchain) April 24, 2024
WIF price performance
Meme coin saw a strong rise from an intraday low of $2,835 to a high of $3,550. As the trading day progressed, the token lost altitude with the market’s decline. However, it continues to remain in the green zone. WIF was trading at $3.27 at the time of writing. This represents an increase of about 6% since the start of the day. It also points to strong investor confidence as it defies the market’s decline.
WIF daily price chart. Source: CoinMarketCap
