- A Solana whale has scooped up $18.57 million in Solana-based memecoins.
- Past Solana’s velocity benefit, what’s driving this transfer?
Apparently, 4 of the highest ten memecoins are constructed on Solana [SOL]. But, most are nonetheless removed from their psychological targets. Take POPCAT – it hit $2 by mid-This fall final 12 months whereas different huge cash struggled, however now it’s dropped to simply $0.58.
For these tokens to regain momentum, whale assist is essential. And amid the present market chaos, a mysterious Solana whale simply scooped up $18.57 million value of Solana-based memecoins. Is that this a coincidence, or one thing extra?
Solana whale indicators shift again to the OGs
Whale accumulation is commonly a key indicator {that a} native backside is forming. When the market is shaky, huge traders swoop in to seize property at a reduction, able to money in on earnings as soon as retail capital flows again in.
That is precisely what’s taking place with Solana-based memecoins. A Solana whale account, “DWhUa,” just lately made an enormous $18.57 million buy of 4 widespread tokens: dogwifhat [WIF], Popcat [POPCAT], FWOG [SOL], and Michi [SOL].
Whereas one Solana whale might not set off a full rebound, it’s a optimistic signal, particularly in at present’s market.
With so many new memecoins flooding the house, this whale’s transfer may point out a shift again to the OG tokens which have stood the take a look at of time.
Take WIF, for instance. Even after a big 40% dip in only one month, it’s nonetheless holding robust within the high 10, above the $1 mark. What’s extra, the highest ten holders personal a staggering 41% of all WIF tokens, totaling a hefty 410 million.
Supply: SolScan
FWOG and Michi, though nonetheless recent, present the same sample. Regardless of being lower than a 12 months previous, Solana whales are already making important claims, holding over 15% of every community.
Clearly, Solana whales are enjoying it good—backing the tried-and-tested OG tokens whereas additionally selling newer tasks. This balanced method seems to be a win-win for Solana, whether or not you’re a part of the previous guard or a newcomer.
What was the end result?
Sure, the Solana whale’s $18.57 million buy sparked a recent wave of FOMO, creating the proper “hype” second. But, the value motion has been surprisingly flat.
Wanting on the charts, the 4 memecoins comply with a well-recognized sample: every one breaks previous a psychological goal, solely to rapidly retrace.
After a run of crimson candles, inexperienced ones often comply with, hinting at a possible reversal. Nonetheless, regardless of these indicators, the momentum simply isn’t selecting up.
Why? Whale affect could be the reply. The consistency in worth motion suggests the market is being subtly managed.
Learn dogwifhat’s [WIF] Value Prediction 2025–2026
Take WIF, for instance – it’s dropped 66% from its peak of $4.80 throughout the Trump rally. FWOG is down by 75%, MICHI by 81%, and POPCAT by 72%. Regardless of Solana whale’s huge purchase, these cash can’t appear to show the tide.
Whereas the Solana whale’s $18.57 million buy might spark some short-term retail curiosity, a real rebound stays elusive.
