Bijie.com reports:
On-chain data shows that the largest Dogecoin holder is increasing its holdings, while other meme coin whales are selling.
Blockchain tracking company Lookonchain reported that the top Dogecoin holder acquired over 23 million WIF tokens after suddenly purchasing an additional 2.3 million tokens.
“The largest holder of WIF spent $4.65 million to purchase 2.3 million WIF at a price of $203 (June 25)! He currently holds 23.39 million WIF ($49.6 million), with a profit of about $83 million on WIF! He also spent 86,738.1 SOL ($8.65 million) to purchase 17.22 million WIF in one transaction.”
Source: Lookonchain/X
At the time of writing, the trading price of WIF was $2, dropping nearly 3% in the past 24 hours.
Meanwhile, according to Lookonchain, another WIF whale who suffered huge losses in meme coin trading has just made more purchases.
“This whale lost $4.63 million in WIF and, after the price of WIF rose, spent $3.77 million to repurchase 2.06 million WIF. His average purchase price is $1.83, selling at a low price first, then buying at a high price.”
Next, Lookonchain reported that a whale has just sold 700 billion Pepe tokens.
“The PEPE whale surrendered and deposited 700 billion PEPE ($7.8 million) into Binance on June 24. He still has 800 billion PEPE, with a total loss of about $3.5 million.”
Source: Lookonchain/X
At the time of writing, the trading price of Pepe was $0.00001254, dropping nearly 2% in the past 24 hours.
Finally, Lookonchain pointed out that a whale has just made huge profits by selling its holdings of Shiba Inu (SHIB).
“A whale deposited all 1.08 trillion SHIB ($18.4 million) into Binance on June 24, making a profit of about $8.3 million! This whale withdrew 1.08 trillion SHIB (costing about $10.07 million) from Binance on November 24, December 4, and December 22, 2023. At the peak of SHIB, he had an unrealized profit of $29 million!”
Source: Lookonchain/X
At the time of writing, the trading price of SHIB was $0.00001733, dropping 3.5% in the past 24 hours.
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