A crypto whale that’s been dabbling in Solana (SOL)-based memecoins has turn into the most important holder of a dog-themed altcoin.
First noticed by blockchain monitoring agency Lookonchain, a deep-pocketed entity has collected $4.29 million value of PUPS, a cartoony animal-themed meme token.
PUPS was initially created for Bitcoin (BTC) Ordinals but additionally exists on the Solana blockchain.
Lookonchain says with the whale’s newest buy value greater than half 1,000,000 {dollars}, the entity has turn into Solana’s greatest 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 mean shopping for worth 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 spotted one Solana whale that went in to build up sloth-themed Slerf (SLERF) and Pepe the Frog-themed Ebook 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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