The meme coin sector has recently experienced volatile trading amid the broader market pullback. Meanwhile, meme coin whales led by ‘paulo.sol’ are pulling their investments from BONK, BODEN and WIF. On-chain observer Lookonchain reported that paulo.sol’s focus has shifted to two other meme coins.

Meme coin whale shifts focus from BONK, BODEN and WIF

Cryptocoin.comIn the fast-paced world of cryptocurrency, meme coins are attracting attention with their price increases. Popular coins like Dogecoin and Shiba Inu have long dominated the scene. However, new players are emerging and adding to the frenzy. However, amid the recent market volatility, some meme coins have lost momentum while others have gained traction. Whales, in particular, are now turning their attention to two particular meme coins that have raised curiosity in the crypto community.

Short-term traders are favoring low-cost meme coins to make a profit. Meanwhile, on-chain observer Lookonchain has revealed a shift in focus among cryptocurrency whales. One notable whale, ‘paulo.sol’, was observed accumulating two meme coins: PUPS and POPCAT. This legendary whale has made significant profits on meme coins such as BONK, WIF and BODEN. Yan has a history of smart investing with moves in this space.

A closer look at breast coin accumulation

This legendary whale known as paulo.sol has made significant profits from meme coins like WIF, BODEN and BONK. Notably, paulo.sol’s strategic moves include buying BONK in early November 2023 to make a hefty profit on its rise. Similarly, he bought WIF and BODEN before their sharp rises in December 2023 and March 2024, respectively.

Currently, paulo.sol holds a significant amount of Boden and WIF, worth $7.6 million and $5.7 million respectively. However, recent reports indicate a shift in focus as paulo.sol enters the new meme coin space. Meanwhile, it has become the largest PUPS holder on Solana after investing $5.97 million and buying 101,712 tokens since April 11. In addition, paulo.sol spent $1.77 million on POPCAT. Thus, he acquired 4.3 million tokens at $0.42 each. These moves point to a calculated strategy by paulo.sol. It also attracts the attention of the crypto community.

PUPS and POPCAT price performance

Meanwhile, POPCAT price rose 41.01% today. The token was trading at $0.4616 at the time of writing. Also, POPCAT’s trading volume in the last 24 hours increased by 38.67% to $153.15 million. Notably, POPCAT price has increased by nearly 220% in the last seven days.

However, despite the recent accumulation, the PUPS price fell 2.24% to $36.57 at the time of writing. The token’s trading volume fell 23.67% to $2.82 million. Notably, the crypto has gained nearly 5% over the last 30 days.