A crypto whale that’s been dabbling in Solana (SOL)-based memecoins has turn into the most important holder of a dog-themed altcoin.
First noticed by blockchain monitoring agency Lookonchain, a deep-pocketed entity has amassed $4.29 million price of PUPS, a cartoony animal-themed meme token.
PUPS was initially created for Bitcoin (BTC) Ordinals but additionally exists on the Solana blockchain.
Lookonchain says with the whale’s newest buy price greater than half one million {dollars}, the entity has turn into Solana’s largest holder of PUPS.
“This whale purchased 8,862 PUPS ($512,000) at $58 once more earlier than the Bitcoin halving.
He has purchased a complete of 63,024 PUPS ($4.29 million), with a mean shopping for worth of $68, turning into the most important holder of PUPS on Solana.”
Lookonchain notes that the identical whale additionally owns President Joe Biden-themed Jeo Boden (BODEN) and dog-themed dogwifhat (WIF).
Earlier this month, the agency witnessed Solana whales scooping up massive reductions following a marketwide correction.
Lookonchain spotted one Solana whale that went in to build up sloth-themed Slerf (SLERF) and Pepe the Frog-themed E-book of Meme (BOME) from crypto alternate Binance. One other deep-pocketed investor loaded up on BODEN utilizing KuCoin.
Across the similar time, the agency saw 4 different whales panic-sold the underside or near the underside of final week’s correction, unloading a complete of $12.41 million price of WIF.
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