Support for the meme coin segment has intensified recently, thanks to a crypto whale making substantial investments in several digital assets. This mysterious whale wallet has acquired 7.25 million WIF and 5.77 million POPCAT, amounting to approximately $13.34 million and $3.83 million, respectively. As a result, bullish sentiments are beginning to circulate within the Solana meme coin community, signaling renewed interest in this sector despite a bearish trend in the past 24 hours.
In addition to WIF and POPCAT, the whale also bet on other meme coins, stocking up 4.57 million FWOG and 3.9 million MICHI, valued at about $922k and $467k. This investment wave has the community buzzing with speculation regarding the future potential of these digital assets. It is anticipated that some of the top meme coins could witness shifts in ranks as we approach January 2025 if the current trajectory continues.
Not to be overlooked, the Solana meme coins have shown remarkable gains, so much so that their rankings are fluctuating almost hourly. For instance, XP and Victorious have surged by 510.7% and 201.6%, trading at $0.0003543 and $0.00008787, respectively, at the time of writing. Meanwhile, other coins are also making their mark. BONK, for instance, has seen a price drop of 14% in the last 24 hours, prompting investors to accumulate the token before it potentially recovers.
The meme coin sector remains in the spotlight, with whales like the highlighted one making impactful moves. Recently, PEPE Coin faced an 11.16% dip, trading at $0.00001819, coinciding with whale activity that sparked vibrant market conversations. The whale deposited 427 billion PEPE tokens worth $8.5 million to Kraken, demonstrating clear strategic maneuvers in this space.
Despite recent downturns, many observers predict a potential rally for meme coins on the horizon. Moreover, the increasing community support and the burgeoning meme trends on social media are expected to drive prices higher. Speculations are rampant about the integration of these coins into mainstream payment systems, particularly with discussions surrounding Dogecoin possibly joining X payments, especially with Elon Musk publicly supporting the coin. This growing interest hints at a brighter future for meme coins within the digital asset spectrum.
