TL;DR
- A meme coin that has seen a near 100% rise in value is the most notable. Its market capitalization now exceeds $500 million, making it 12th in size.
- Increased whale purchases coincide with the significant rise in asset prices.
MEW’s impressive Ascent
In the last few days, Bitcoin (BTC), and Ethereum (ETH), two of the most popular digital assets on this market have suffered a major pullback. dropping It has fallen to multi-week levels. Dogecoin, Shiba Inu, dogwifhat, Pepe and other meme coins were all affected. nosediving By double-digits, on a scale of a week.
Today (April 15), the situation is much improved. While the market cap of the meme coin segment is slowly approaching $55 billion dollars, most tokens in this niche are in positive territory. Cat in a Dogs World is a Solana meme coin that has a daily gain of almost 100 percent.
Market capitalization of the asset surpassed $500 million, ranking it 12th in the world of meme coins.
Whales in Motion
SLERF is another meme-coin that is experiencing a huge revival. It is built on the Solana chain. Price is around 37% higher, while its market capitalization exceeds $200,000,000.
Whale activity is a major factor in the impressive rise of MEW, SLERF and SLERF. Lookonchain reports that large investors are involved. purchased The latest stock market crash has seen a significant amount of assets.
A whale spent approximately $1.3million to buy 4 million SLERF coin, and another purchased almost 480 millions MEW tokens for an average of $0.0032.
Selling the meme coin stash and dealing with it at the right moment could lead to multi-million dollar profits. Traders should be aware of the volatility that is associated with this asset class. This can lead to significant losses. Please watch our video to learn how to avoid common mistakes.
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Source: cryptopotato.com