Today’s memecoin rally has seen notable increases, with $STONKS and $WOLF rising by 25% and 14%, respectively. Reports indicate that insiders of these coins have been strategically active, buying into a new memecoin, further fueling the market excitement.
Data from iCrypto.ai reveals that two smart wallets, which previously made significant profits on $WOLF and $STONKS, are behind these latest moves. These wallets achieved impressive returns, with one making a 190x profit on $WOLF and the other a 510x profit on $STONKS.
Insider of $WOLF:
In April 2024, the wallet 0xa1f0 (icrypto.ai/wallet/0xa1f00…) purchased 17.05 billion $WOLF for $8,063, at an average price of $0.0000004721. During the initial pump, this wallet sold 15.84 billion $WOLF and still holds 1.21 billion $WOLF, now valued at $95,000. This resulted in a total profit of $51,970, a staggering 19,000% return.
Insider of $STONKS:
In May 2024, the wallet 0xa9bf (icrypto.ai/wallet/0xa9bf1…) bought 7.05 billion $STONKS for $434, at an average price of $0.00000076163. The wallet sold 6.05 billion $STONKS during the initial pump and retains 1 billion $STONKS, currently worth $19,500. This trade brought in a total profit of $189,970, reflecting a remarkable 51,000% return.
These two individuals have resumed their activity, accumulating a new memecoin over the past four days. Their strategic moves and previous success have not gone unnoticed, likely contributing to the recent price surges in $STONKS and $WOLF.
The memecoin market continues to capture the attention of traders and investors, with strategic insider activity playing a significant role in driving price movements. As these smart wallets remain active, the market watches closely for potential new opportunities and further rallies.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: ramirezom/123RF // Image Effects by Colorcinch
BlockDAG Rolls Out Limited Time 100% Bonus For Community While Ethereum Price Looks Bullish &…
The 5 Best Crypto Wallets Worth Using in 2024 — Find Out Why Selecting a…
With a Total Value Locked (TVL) of $50.72B, Ethereum is the world's largest blockchain, with…
The meme coin market has recently been surging once again; tokens such as Pepe and…
The FLOKI price has recorded over 300% yearly ROI, dominating crypto gains in the meme…
Crypto investors are constantly searching for promising opportunities to diversify their portfolios and Algorand, Aptos,…