Despite facing criticism, Solana-based meme coins have provided at least 100% return to crypto investors. Smart money or whales have made significant profits by investing at the right time in these meme coins. On-chain data providers have revealed meme coins that whales are buying after Book Of Meme (BOME) and cat in a dogs world (MEW).

Smart Money Buying Orcat After BOME

The largest BOME pre-sale participant has become the largest holder of Orcat meme coin, reported on-chain data platform Lookonchain on April 1. Orcat is said to be a fusion of Orca and Cat, considering itself as a Pepe Coin and Dogecoin killer.

Smart money sundayfunday.sol used 73 Solana (SOL) worth $15K to buy 94.55 million Orcat. It used two wallets to become the largest holder, grabbing 9.46% of the total supply.

The whale also provided liquidity for Orcat, with 150 SOL tokens and 12.4 million Orcat on Raydium, an AMM and liquidity provider on the Solana blockchain for the Serum Decentralized Exchange.

ImageImage

Similarly, he spent $2.3 million to buy BOME, turning $72,000 into $30.2 million in just 3 days by investing in BOME. ORCAT price has increased 121% in the past 24 hours and is currently trading at $0.008489.

Another smart money address B8g2G…XogNJ also opened a position at the low point of ORCAT. He made a profit of $400,000, with a return rate of 20279%. It is worth noting that this address immediately followed up on the purchase of BOME’s top holding address SundayFunday and purchased 20.7 million ORCAT with 8.2 SOL tokens.

Also Read: OpenAI Opening Its First Asia Office, Sam Altman’s Worldcoin Price to Rally

BOME Price Jumped Over 10%

BOME price has rallied 6% in 24 hours and more than 10% in a week. The price currently trades at $0.01516, with a 24-hour low and high of $0.0139 and $0.0164, respectively. Furthermore, the trading volume has increased by 40% in the last 24 hours, indicating a rise in interest among traders.

Moreover, a rise in trading activity on Solana DEXes Jupiter and Raydium indicates soaring demand for Solana meme coins. However, investors must do in-depth research before investing in these meme coins with high risk attached to them. Also, the meme coin is still not listed on top crypto exchanges.

Also Read: Tether Advances In Bitcoin Accumulation Race With $627M BTC Added

✓ Share:

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link