{"id":3317,"date":"2024-04-15T06:55:55","date_gmt":"2024-04-15T06:55:55","guid":{"rendered":"https:\/\/solanacrypto.news\/2024\/04\/15\/whales-buying-millions-of-mew-slerf\/"},"modified":"2024-04-15T06:55:55","modified_gmt":"2024-04-15T06:55:55","slug":"whales-buying-millions-of-mew-slerf","status":"publish","type":"post","link":"https:\/\/solanacrypto.news\/2024\/04\/15\/whales-buying-millions-of-mew-slerf\/","title":{"rendered":"Whales Buying Millions of MEW & SLERF"},"content":{"rendered":"
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In a thrilling plot twist, Solana meme coins appear to be making waves across the cryptocurrency sector as they magnetized massive whales into buying amidst the broader crypto market\u2019s rebound. On-chain insights floating over the crypto horizon illustrated nearly 500 million MEW and 4 million SLERF accumulated by whales from Binance<\/a> in the past 24 hours. This echoed a frenzy among crypto market traders and investors globally, birthing speculations surrounding the tokens\u2019 future price action.<\/p>\n

Whales Buying MEW & SLERF Amid Market Rebound<\/h2>\n

According to the insights revealed by LookonChain, a blockchain tracker, as the broader crypto market shows signs of recovery, two whales collectively withdrew nearly $3 million worth of Solana to buy MEW and SLERF in the past 24 hours.<\/p>\n

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Notably, the whale going by the address B3aTMg withdrew 10,438 SOL, worth $1.54 million, from Binance to buy 479.6 million MEW at an average price of $0.0032. Whereas the whale 2zWLX9 withdrew 8,561 SOL, worth $1.27 million, from Binance to buy 4 million SLERF at an average price of $0.317.<\/p>\n

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During the market rebound, whales bought $MEW<\/a> and $SLERF<\/a>.<\/p>\n

B3aTMg withdrew 10,438 $SOL<\/a>($1.54M) from #Binance<\/a> to buy 479.6M $MEW<\/a> at an average price of $0.0032.https:\/\/t.co\/K32EUy5cF8<\/a><\/p>\n

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2zWLX9 withdrew 8,561 $SOL<\/a>($1.27M) from #Binance<\/a> to buy 4M $SLERF<\/a> at an average price of\u2026 pic.twitter.com\/qeIWdDTyGt<\/a><\/p>\n

\u2014 Lookonchain (@lookonchain) April 15, 2024<\/a><\/p>\n<\/blockquote>\n

It\u2019s worth noting that these accumulations gained significant traction across the broader crypto market as the abovementioned Solana meme coins<\/a> aided traders in making millions promptly after their launch, noting massive gains. However, MEW & SLERF also witnessed price corrections recently, as weekly charts showcase a 5% and 6.30% dip in prices, respectively.<\/p>\n

Nonetheless, aligning with today\u2019s crypto market recovery, as the majority of the cryptos noted a pump, MEW and SLERF also noted substantial gains. The abovementioned whale accumulations further splashed a bullish tint on the Solana meme coins.<\/p>\n

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Also Read: Ethereum Price Up 7% As Whale Scoops $50 Million Worth of ETH from Binance<\/a><\/strong><\/p>\n

MEW & SLERF Prices Rally<\/h2>\n

As of writing, the MEW (Cat in a Dogs World) token has gained 80.76% in the past 24 hours and is currently trading at $0.004289. Meanwhile, the SLERF token has gained 26.97% in the past 24 hours and is currently resting at $0.3765.<\/p>\n

The surge in Solana<\/a> meme coins\u2019 prices primarily aligns with a couple of factors, encompassing the broader crypto market\u2019s uptrend and the substantial whale accumulations. However, the token\u2019s on-chain metrics further underscore market optimism for these tokens.<\/p>\n

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MEW\u2019s<\/a> open interest surged 84.33%, while derivatives volume rocketed 152.25%. SLERF\u2019s open interest rallied 49.42%, accompanied by a derivatives volume upswing of 165.08%. This collectively underlined heightened investor interest in these assets, further cementing the meme coins\u2019 market uptrend.<\/p>\n

Also Read: Market Retreat Sees $440M Decrease in Solana OI, Prices Rally 11%<\/a><\/strong><\/p>\n

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article. <\/p>\n<\/p><\/div>\n

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