Solana

Million

POPCAT

Coin

<p class="p2">Meme coin trading on the Solana network has exploded over the last year, with the likes of <a href="https://bitcoinist.com/shiba-inu-bonk-floki-coinbase/">BONK</a>, Dogwifhat, and POPCAT going from below $1 million to over $1 billion in market cap. There have been other successful coins as well running into the hundreds of millions in market cap. However, one meme coin is standing out currently after a <a href="https://bitcoinist.com/heres-why-the-dogwifhat-price-crashed-below-2-this-week/">Dogwifhat whale</a> completed a massive $2.4 million purchase that triggered a surge in the price.</p> 
<h2 class="p2" id="solana-trader-puts-2-4-million-into-mumu-the-bull">Solana Trader Puts $2.4 Million Into MUMU The Bull</h2> 
<p class="p2">MUMU The Bull is another Solana meme coin that has been slowly making its way toward the $100 million market cap level. It finally reached $100 million this week, which is when fear of missing out (FOMO) seems to have set in for some investors.</p> 
<p class="p2">On Thursday, the on-chain data tracker for the Solana network, SolanaFloor, <a href="https://x.com/SolanaFloor/status/1816438394249167292" rel="nofollow" target="_blank">reported</a> a massive buy into this meme coin with majority of its trading volume on decentralized exchanges (DEXes). The Solana trader had <a href="https://solscan.io/tx/2GHvCy6nfHoE1mTLgGmwWCQ9GY2yh5uW1EANZwVVr7AtcwPe9jL4f8a3wnQGmqnZntQKkRQycgkSepU392Fye4Fn" rel="nofollow noopener" target="_blank">bought</a> approximately $2.4 million worth of the meme coin in a single transaction.</p> 
<p class="p2">As a result of the buy, the MUMU The Bull meme coin saw a massive price wick that sent its market cap to $820 million in a matter of seconds. Naturally, the price has since retraced to its regular level, but one interesting fact that has captured investors is what coins were swapped for MUMU The Bull.</p> 
<p class="p2">According to on-chain data, the Solana trader was holding almost $3 million worth of <a href="https://bitcoinist.com/dogwifhat-wif-meme-coin-las-vegas-sphere/">the Dogwifhat meme coin</a> before the purchase, before swapping $2.4 million worth of WIF for MUMU The Bull. This automatically made the Solana trader the fourth-largest holder of the meme coin.</p> 
<h2 class="p2" id="is-mumu-the-bull-the-next-dogwifhat">Is MUMU The Bull The Next Dogwifhat?</h2> 
<p class="p2">The whale’s $2.4 million buy into MUMU The Bull has led to <a href="https://bitcoinist.com/dogecoin-meme-coin-supercycle/">comparisons to Dogwifhat</a>, given that a similar event happened in the early days of WIF. Back in January 2024, when the Dogwifhat price was taking off, there was a massive $8.6 million buy that saw the price of the meme coin almost triple in seconds.</p> 
<p class="p2">At the time, the buy drew criticism from the Solana community, with many believing that the whale had made a bad investment. However, the Dogwifhat market cap rose to the billions, making the Solana trader tens of millions in profit.</p> 
<p class="p2">Given the performance of Dogwifhat, anticipation for MUMU The Bull filling the wick created by the $2.4 million buy has risen. Community member @cheatcoiner on X (formerly Twitter), echoed this sentiment, <a href="https://x.com/cheatcoiner/status/1816431044351959167" rel="nofollow" target="_blank">saying</a>, “Time to fill the wick now, you can’t stop the bull.”</p> 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/RTLAHA46/" alt="MUMU THE BULL price chart from Tradingview.com (Solana meme coins Dogwifhat)" width="3286" height="1518">

Is This Solana Meme Coin The Next Dogwifhat (WIF)? $2.4 Million Buy Stuns Community

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Ďalšie články zverejnené 27. 7. 2024

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