A crypto whale that’s been dabbling in Solana (SOL)-based memecoins has turn out to be the most important holder of a dog-themed altcoin.
First noticed by blockchain monitoring agency Lookonchain, a deep-pocketed entity has gathered $4.29 million value of PUPS, a cartoony animal-themed meme token.
PUPS was initially created for Bitcoin (BTC) Ordinals but in addition exists on the Solana blockchain.
Lookonchain says with the whale’s newest buy value greater than half one million {dollars}, the entity has turn out to be 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 median shopping for value of $68, changing 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 large reductions following a marketwide correction.
Lookonchain noticed 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 change Binance. One other deep-pocketed investor loaded up on BODEN utilizing KuCoin.
Across the similar time, the agency noticed 4 different whales panic-sold the underside or near the underside of final week’s correction, unloading a complete of $12.41 million value of WIF.
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