Solana

Memecoin

World

Raydium

Jupiter

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/smart-money-targets-solana-memecoins-profits-surge-for-investors" rel="noopener noreferrer nofollow">Smart Money Targets Solana Memecoins: Profits Surge for Investors</a><br></p>
<p style="text-align: justify">Despite skepticism, <a href="https://en.bitcoinhaber.net/insights-into-solanas-market-dynamics-and-price-predictions" rel="noopener noreferrer nofollow">Solana</a>‘s memecoins are yielding high returns, drawing in large investors. These alternative digital currencies are proving to be lucrative, with recent memecoin successes fostering a bullish sentiment among whale investors. On-chain data sheds light on these investors’ acquisitions and strategies, particularly in the wake of Book Of Meme (BOME) and Cat in a Dogs World (MEW).</p>
<h2 id="whale-investors-dominate-new-memecoin-market">Whale Investors Dominate New Memecoin Market</h2>
<p style="text-align: justify">On-chain analysis from Lookonchain shows a significant whale investor from the BOME presale is now the largest stakeholder in the new memecoin Orcat. The investor, using the handle sundayfunday.sol, injected 73 Solana (SOL), equivalent to $15,000, to purchase a 9.46% share of Orcat’s total supply, amounting to 94.55 million tokens. This move positions the investor as a dominant figure in the altcoin space. Furthermore, the same whale significantly contributed to the liquidity of Orcat on the Solana-based decentralized exchange (DEX) Raydium, enhancing its market stability.</p>
<p style="text-align: justify">Another savvy investor seized the Orcat opportunity, registering a 2,279% profit by turning an 8.2 SOL investment into $400,000, riding on the coattails of sundayfunday.sol’s strategies. These strategic investments reflect the increasing interest and potential profits available within the Solana memecoin ecosystem.</p>
<h2 id="bome-registers-sustained-growth-amid-surging-interest">BOME Registers Sustained Growth Amid Surging Interest</h2>
<p style="text-align: justify">Current trading data indicates a steady ascent for BOME, with its value increasing by 6% daily and 10% weekly. BOME’s current price and volume suggest a strong investor interest. The heightened trading on Solana-based DEXs like Jupiter and Raydium underscores the demand for such memecoins.</p>
<h3 id="points-to-take-into-account">Points to Take into Account</h3>
<ul>
 <li>Investors should research extensively before delving into memecoin investments.</li>
 <li>Memecoins are speculative assets and have not been listed on major exchanges.</li>
 <li>The high volatility of memecoins mandates a cautious approach to portfolio diversification.</li>
</ul>
<p style="text-align: justify">While experts recommend prudence and research due to the speculative nature of memecoins, the recent performance of Solana-based tokens cannot be ignored. Investors are urged to consider their appetite for risk and the volatile nature of memecoins when adding them to their investment portfolios, despite their high-return potential.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/smart-money-targets-solana-memecoins-profits-surge-for-investors" rel="noopener noreferrer nofollow">Smart Money Targets Solana Memecoins: Profits Surge for Investors</a></h5>

Smart Money Targets Solana Memecoins: Profits Surge for Investors

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