Dogecoin

dogwifhat

USDC

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 <p>A deep-pocketed investor is suddenly accumulating massive amounts of a Dogecoin (DOGE) rival from top US crypto exchange Coinbase, on-chain data shows.</p>
 <p>Digital asset tracker Lookonchain notices a crypto whale spent 606,00 USDC to buy nearly 228,000 dogwifhat (WIF) memecoins.</p>
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 <p><em>“A whale is buying WIF! The whale created a new wallet and withdrew 1.83 million USDC from Coinbase to buy WIF. So far, he has spent 606,000 USDC to buy 227,896 WIF at $2.66, with 1.22 million USDC left. The purchase is in progress [on May 20th].”</em></p>
 <p>WIF is trading for $2.83 at time of writing, up 10.7% in the last 24 hours.</p>
 <p>Next up, Lookonchain noticed another crypto whale made huge profits trading GME (GME), a memecoin launched on Solana (SOL) in January and inspired by the GameStop (GME) short-squeeze frenzy of 2021.</p>
 <p><em>“Since the price of GME dropped, a trader spent 3,059 SOL ($526,000) to buy 78.57 million GME at $0.0067. This trader spent 1,409 SOL ($165,000) to buy 68 million GME at $0.0024 on February 15th and February 16th. </em></p>
 <p><em>After holding it for three months, GME ushered in a rise. He sold 35 million GME for 3,447 SOL ($503,000) at $0.0144 on May 13th and May 14th. He currently holds 111.57 million GME ($781,000), with a total profit of ~$593,000.”</em></p>
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     <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GN_WYWBaIAAcX7A?format=jpg&amp;name=4096x4096" alt="Image" width="2144" height="1052">
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       Source: Lookonchain/X
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    <p><span style="font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif;">GME is trading for $0.00575 at time of writing, down nearly 18% in the last 24 hours.</span></p>
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   <p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/coinbase-whale-begins-accumulating-dogecoin-doge-rival-from-crypto-exchange-on-chain-data-tbt89121.html">https://thebittimes.com/coinbase-whale-begins-accumulating-dogecoin-doge-rival-from-crypto-exchange-on-chain-data-tbt89121.html</a></p>
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Coinbase Whale Begins Accumulating Dogecoin (DOGE) Rival From Crypto Exchange: On-Chain Data

TheBitTimes

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