Whales Dive Into Solana Memecoins $MEW and $SLERF Amid Market Rebound

As the cryptocurrency market begins to recover from recent volatility, whales have been spotted making strategic moves in Solana memecoins, particularly $MEW, known as “cat in a dogs world,” and $SLERF.

B3aTMg, a prominent player in the crypto sphere, recently withdrew 10,438 SOL ($1.54 million) from Binance to acquire a whopping 479.6 million $MEW tokens at an average price of $0.0032. Similarly, 2zWLX9 withdrew 8,561 SOL ($1.27 million) to purchase 4 million $SLERF tokens at an average price of $0.317.

The rebound in the market has seen $SLERF making a remarkable recovery, surging by 47% in the past 24 hours. Astute investors, often referred to as “smart money,” capitalized on the short-term bottom, raking in profits of 3,264 SOL with an impressive return rate of 69%.

More Whale Wallets Accumulating More $SLERF Token

One particular address made a strategic move by acquiring 2,659,661 $SLERF tokens at an average price of $0.2242 during the early hours of April 14. 

With the current price sitting at $0.3801, the address has seen a staggering profit of $414,000 in just 30 hours. Remarkably, these tokens have yet to be transferred or sold, indicating a bullish sentiment among investors.

At the time of reporting, $MEW has surged by an astonishing 86% today, while $SLERF has also seen a commendable gain of 6%. These developments underscore the resilience and potential for significant gains in Solana memecoins amidst market fluctuations, attracting attention from both whales and retail investors alike.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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