Shift

Rise

PUPS (Ordinals)

Coin

In the dynamic world of cryptocurrency, meme coins have emerged as a captivating trend, drawing considerable attention from investors. Notably, this year has witnessed a flurry of activity in the meme coin segment, with notable performers like WIF and BODEN gaining traction alongside established names like Dogecoin and Shiba Inu.&nbsp; 
However, recent developments suggest a shift in focus as a prominent whale redirects attention to a new contender: PUPS (Ordinals) (PUPS). So, let’s quickly take a tour of the implications of this move and the factors driving the surge in interest. 
<h2 id="span-data-preserver-spaces-true-whales-shift-focus-from-wif-boden-span">Whales Shift Focus From WIF &amp; BODEN</h2> 
Amid the recent hype surrounding <a href="https://coingape.com/meme-coin/" target="_blank" rel="noopener">meme coins</a>, a significant transaction has caught the eye of the crypto community. According to a recent report by on-chain data tracking platform Lookonchain, a whale has&nbsp;made a strategic shift towards PUPS, a meme coin project built on the oldest blockchain platform.&nbsp; 
Notably, the whale exchanged a substantial amount of <a href="https://coingape.com/trending/boden-maintains-uptick-as-memecoins-frazzle/" target="_blank" rel="noopener">BODEN</a> and WIF for PUPS, signaling growing confidence in this emerging meme coin. This move has sparked speculations among the market participants over a potential shift in focus of the investors. 
Meanwhile, the transaction involved the whale spending 1.8 million Boden (worth approximately $1.15 million) and 1.05 million WIF (worth around $2.63 million) to acquire <a href="https://solscan.io/account/DcgVuxrYHCZQUtLgYSddqL12FKYa2qnWcGGyb1H79thc#splTransfers" target="_blank" rel="noopener">54,161 PUPS</a>, valued at&nbsp;approximately&nbsp;$2.88 million. He has purchased the PUPS crypto at an average price of $70 since April 11. 
Notably, the whale still retains significant holdings in both BODEN and WIF, indicating a calculated diversification strategy within the meme coin space.&nbsp;Precisely,&nbsp;he still has 20 million BODEN, worth around $16.4 million, and 2.22 million WIF, worth around $6.1 million, in his portfolio. 
Also Read: <a href="https://coingape.com/bitcoin-price-risk-falling-on-options-expiry-before-bitcoin-halving/" target="_blank" rel="noopener">Bitcoin Price Risk Falling On Options Expiry Before Bitcoin Halving?</a> 
<h2 id="span-data-preserver-spaces-true-rise-of-bitcoin-meme-coin-pups-span">Rise of Bitcoin Meme Coin PUPS</h2> 
PUPS, positioned as the first meme coin on the <a href="https://coingape.com/glossary/bitcoin/" target="_blank" rel="noopener">Bitcoin</a> blockchain, has garnered attention for its unique features and growing investor interest. With a focus on innovation and community engagement, PUPS has differentiated itself in a crowded market, attracting&nbsp;both&nbsp;traders and enthusiasts alike. 
In addition, endorsements from prominent figures within the crypto space, such as&nbsp;popular trader Ansem, have further fueled speculation surrounding the Bitcoin meme coin. Ansem’s recent comparison of WIF to <a href="https://coingape.com/meme-coins-cheer-the-most-with-bitcoin-btc-price-recovery-above-70000/" target="_blank" rel="noopener">PUPS</a> has underscored the potential for a significant upside in the meme coin space, driving curiosity and investment activity. 
Meanwhile, as PUPS continues to make waves in the <a href="https://coingape.com/glossary/cryptocurrency/" target="_blank" rel="noopener">cryptocurrency</a> sphere, investors are closely monitoring its progress and evaluating&nbsp;its long-term viability.&nbsp;With the support of strategic players like the&nbsp;aforementioned whale&nbsp;and endorsements from key influencers, PUPS appears poised to carve out a distinct niche within the meme coin ecosystem. 
As of writing, the PUPS price was up 9.02% and traded at $54.27, while its trading volume soared 58.04% over the last 24 hours to $7.26 million. Notably, the crypto has touched a high of $107.22 and a low of $38.10&nbsp;in the last&nbsp;24 hours. 
<figure id="attachment_192420" aria-describedby="caption-attachment-192420" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class=" wp-image-192420" src="https://coingape.com/wp-content/uploads/2024/04/PUPS-Price-Chart-19-04-24.png" alt="PUPS Price" width="754" height="527" srcset="https://coingape.com/wp-content/uploads/2024/04/PUPS-Price-Chart-19-04-24.png 998w, https://coingape.com/wp-content/uploads/2024/04/PUPS-Price-Chart-19-04-24-300x210.png 300w, https://coingape.com/wp-content/uploads/2024/04/PUPS-Price-Chart-19-04-24-768x536.png 768w, https://coingape.com/wp-content/uploads/2024/04/PUPS-Price-Chart-19-04-24-150x105.png 150w" sizes="(max-width: 754px) 100vw, 754px">
 <figcaption id="caption-attachment-192420" class="wp-caption-text">
 PUPS Price
 </figcaption>
</figure> 
On the other hand, the BODEN price rose 34.10% over the last 24 hours to $0.7396, with its trading volume rising&nbsp;10% to $41.15 million. Simultaneously, the WIF price rose 17.10% to $2.68, and its trading volume surged 39.58% to $679.43 million. 
<figure id="attachment_192421" aria-describedby="caption-attachment-192421" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class=" wp-image-192421" src="https://coingape.com/wp-content/uploads/2024/04/BODEN-Price-Chart-19-04-24.png" alt="BODEN Price" width="752" height="536" srcset="https://coingape.com/wp-content/uploads/2024/04/BODEN-Price-Chart-19-04-24.png 976w, https://coingape.com/wp-content/uploads/2024/04/BODEN-Price-Chart-19-04-24-300x214.png 300w, https://coingape.com/wp-content/uploads/2024/04/BODEN-Price-Chart-19-04-24-768x548.png 768w, https://coingape.com/wp-content/uploads/2024/04/BODEN-Price-Chart-19-04-24-150x107.png 150w" sizes="(max-width: 752px) 100vw, 752px">
 <figcaption id="caption-attachment-192421" class="wp-caption-text">
 BODEN Price
 </figcaption>
</figure> 
Also Read: <a href="https://coingape.com/ethereum-gas-fee-crashes-to-three-month-low-eth-price-recovers-to-3100/" target="_blank" rel="noopener">Ethereum Gas Fee Crashes to Three-Month Low, ETH Price Recovers to $3,100</a> 
The post <a href="https://coingape.com/whale-shifts-focus-new-meme-coin-wif-boden/">Whales Shift Focus To This New Bitcoin Meme Coin From WIF &amp; BODEN</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Whales Shift Focus To This New Bitcoin Meme Coin From WIF & BODEN

Table of Contents

Coingape News Media

Other articles published on Apr 19, 2024

Bitget Wallet Rolls Out BWB Points Airdrop, Strengthening Collaboration with Ethena

GCWine was burned!!! 😱 #GCWine #winemaker #cryptocurrency #blockchain

Shiba Inu Holders Warned of Fake BONE Airdrop Phishing Scams

Ripple CEO Unveils Growth Strategy with New Stablecoin Launch

Bitcoin Bull (BTCBULL) to Surge Over 2,000% Before Sunday, as Shiba Inu Millionaire Issues Buy Call

How Will Bitcoin Price React Right After Halving? Top Crypto Exchange Executive Shares His Predic...

Join our free newsletter for daily crypto updates!