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Crypto whale bets $6 million on Solana memecoins comeback amid market decline

19 May 2025
in Crypto Exchanges
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A crypto whale has positioned practically $6 million throughout 5 Solana-based memecoins, taking a daring place regardless of the broader market pullback.

In response to on-chain knowledge from Lookonchain, the investments have been made on Could 19 and have already produced roughly $685,000 in unrealized positive aspects.

Lookonchain reported that the dealer allotted $1.05 million to amass 2.92 million POPCAT tokens, which have since appreciated to $1.26 million.

Crypto Whale’s Solana Memecoins Transactions (Supply: Lookonchain)

Equally, a $946,000 stake in 381 million MEW has grown to $1.21 million. One other important place of $898,000 in 67.44 billion BONK has additionally climbed in worth to $1.21 million.

Nonetheless, not all of the belongings the whale invested in paid off.

Lookonchain famous that the whale recorded slight paper losses on Fartcoin and dog-themed WIF. The Fartcoin allocation of $1.47 million has dropped to $1.37 million, whereas the $1.49 million positioned on WIF now sits at $1.4 million.

These belongings’ blended efficiency comes amid a broader market pullback that has seen Bitcoin dive in direction of $102,000 through the reporting interval.

Regardless of the present market lull, the whale’s aggressive shopping for motion illustrates large-scale traders’ ongoing speculative curiosity in Solana’s memecoin ecosystem.



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Tags: betsComebackCryptoDeclineMarketMemecoinsmillionSolanaWhale
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