Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Solana Meme Coins Discussion

Options
  • 16-04-2024 7:59am
    #1
    AAos
    Registered Users Posts: 4 ✭


    In an exciting plot twist, Solana meme coins appear to be making waves in the cryptocurrency realm as they attract significant whale purchases during a broader crypto market rebound. LookonChain reveal that Binance whales accumulated nearly 500 million MEW and 4 million SLERF recently. This echoes the fervor of global cryptocurrency traders and investors, sparking speculation about the future price trends of these tokens.

    Notably, whale address B3aTMg withdrew 10,438 SOL worth $1.54 million from Binance and acquired 479.6 million MEW at an average price of $0.0032. Meanwhile, whale 2zWLX9 withdrew 8,561 SOL worth $1.27 million from Binance and purchased 4 million SLERF at an average price of $0.317.

    MEW's open interest contracts surged by 84.33%, with derivative trading volume increasing by 152.25%. SLERF's open interest contracts rose by 49.42%, with derivative trading volume growing by 165.08%. The surge in Solana meme coin prices is primarily attributed to several factors, including the upward trend in the broader cryptocurrency market and the substantial accumulations by whales. However, on-chain indicators for these tokens further highlight the market's optimism towards them.



Advertisement