Dogecoin is being accumulated by a deep-pocketed, wealthy investor.DOGEData from the blockchain shows Coinbase to be a major competitor.
Lookonchain, a digital asset tracker notices A crypto whale has spent $606,00 USDC Buy nearly 228,000 DogwifhatWIF) memecoins.
“A whale is buying WIF! The whale created a new wallet and withdrew 1.83 million USDC from Coinbase to buy WIF. So far, he has spent 606,000 USDC to buy 227,896 WIF at $2.66, with 1.22 million USDC left. The purchase is in progress [on May 20th].”
WIF has risen 10.7% to $2.83 in 24 hours.
Lookonchain Next noticed Another crypto whale makes huge profit trading GMEGMEA memecoin was launched by Solana.SOLThe short-squeeze frenzy in 2021 at GameStop was the inspiration for this new game.
A trader bought 78.57 millions GME in the $0.0067 range after GME’s price fell. He spent 305 SOL (526,00) on this purchase. On February 15th-16th this trader purchased 68 million GME with $0.0024 for 1,409 Sol ($165,000).
GME saw a significant rise after holding the stock for three consecutive months. The 13th and the 14th of May, he bought 35 million GME ($503,000), at $0.0144 per GME. “He currently owns 111.57 millions GME ($781,000), resulting in a profit of approximately $593,000.
GME currently trades at $0.00575 and is down 18% from the time this article was written.
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