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A current surge of exercise has put a whale within the Solana ecosystem within the highlight, sparking hypothesis about the way forward for meme cash on the blockchain. Previously few hours, an account recognized as “DWhUa” has reportedly made an enormous buy, buying $18.57 million price of 4 well-established meme tokens, experiences Spot On Chain.
The tokens in query — WIF, POPCAT, FWOG and michi — have all seen vital highs previously, with WIF and POPCAT as soon as reaching multi-billion greenback market caps. FWOG and michi, whereas smaller, have additionally seen their values skyrocket, reaching as excessive as $500 million every at their peaks.
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After these massive purchases, the tokens had been transferred to a brand new pockets, “D2Noa,” which has solely fueled hypothesis concerning the whale’s intentions.
State of meme cash in 2025
Meme cash, regardless of being the primary attraction all through 2024, entered the brand new yr of 2025 with one thing of washed-up sentiment towards them.
The launch of a number of “truthful launch” platforms, which gave a preventing likelihood to actually thousands and thousands of recent meme cryptocurrencies, deflated the eye to this phase of the crypto market, as there have been too many choices, and this grew to become a PvP market the place the primary exercise was to flip for fast revenue, after which 99% of those meme cash grew to become uninteresting.
Nonetheless, these are what might be referred to as established meme cryptocurrencies on Solana, with WIF and POPCAT reaching billions in market cap at one level, and michi and FWOG rising as excessive as $500 million every.
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Does this whale know one thing others don’t? That continues to be an open query.
Nonetheless, such exercise proves about his recreation plan that meme cryptocurrencies which have already proven a considerable outcome and have lively, massive communities could also be making ready for a spherical two rally.