Whales Scoop Up Discounted Solana Meme Coins BODEN, SLERF, And BOME After Flash Crypto Crash

Crypto
whales
have
swooped
in
to
buy
up


Solana

meme
coins
beaten
down
in
price
by
the
crypto
flash
crash
at
the
weekend,
says
blockchain
tracking
firm
Lookonchain.

Two
Solana
(SOL)
whales
acquired
sloth-themed
Slerf
(SLERF),
Book
of
Meme
(BOME),
and
Jeo
Boden
(BODEN)
from
leading
crypto
exchanges
Binance
and
KuCoin,
Lookonchain
said
in
a

post
on
X.

.

Whales
Make
Major
Adjustments
To
Their
Solana
Meme
Coin
Holdings

The
whale
address
starting
with
“4eocFb”
withdrew
31,916
SOL
tokens
worth
around
$2.56
million
from
KuCoin,
Lookonchain
said.
Shortly
thereafter,
the
whale
spent
2,055


SOL

to
purchase
over
500k
BODEN
tokens
at
a
trading
price
of
$0.59. 

Meanwhile,
the
whale
address
starting
with
“9CjKf5“
pulled
$2.25
million
worth
of
SOL
from
Binance,
Lookonchain
added.
With
this
amount
in
hand,
the
whale
then
bought
4.68
million
SLERF
at
$0.23
worth
around
$1.12
million,
and
also
spent
approximately
$661k
to
buy
67.53
million
BOME
while
it
was
trading
at
$0.0098.

After
the
market
dropped,
4
whales
sold
5.68M

$WIF($12.41M)
in
panic!

9WHHoq
sold
3.12M

$WIF
for
7.34M

$USDC
at
$2.35.
BdvbXr
sold
1.016M

$WIF
for
1.93M

$USDC
at
$1.9.
85Abtu
sold
905,074

$WIF
for1.88M

$USDC
at
$2.08.
DpJGh2
sold
641,598

$WIF
for
1.26M

$USDC
at
$1.97.

Address:…

pic.twitter.com/p3ElbtiH50

—
Lookonchain
(@lookonchain)

April
14,
2024

There
were
also
a
number
of
whales
that
panicked
and
sold
their
holdings
in
SOL-based
meme
coins,
the
firm
revealed
in
an
earlier
X
post.
Collectively,
4
large
holders
dumped
more
than
$12
million
worth
of
Dogwifhat
(WIF)
after
they
flooded
the
market
with
5.68
million
tokens.

Investors
Slowly
Return
To
The
SOL
Ecosystem

The
recent
WIF
selloff
is
evident
in
the
meme
coin’s
25%
plunge
in
the
past
week.
WIF


dropped

more
than
2%
in
the
past
24
hours
to
trade
at
$2.16
as
of
4:20
a.m.
EST.

Despite
WIF’s
ongoing
troubles,
the
overall
market
cap
of
the
Solana
ecosystem
recorded
a
slight
uptick
throughout
the
past
day
of
trading
as
investors
slowly
resumed
buying
SOL
altcoins.

This
has
buoyed
some
leading
SOL
cryptos
today,
including
dragon-themed
Smog
(SMOG),
which
is
up
4.6%.
New
presale


Slothana
(SLOTH),
which
is
gearing
up
for
its
official
launch
on
exchanges,
put
a
14-day
countdown
timer
on
its
website
on
Apr.
15
after

raising
$10
million
in
less
than
two
weeks.

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