Despite the current turbulent market conditions, the Solana-based memecoin $BILLY has shown impressive resilience, achieving a new all-time high (ATH) at $0.1715.
This marks a significant 38% increase in just 24 hours, highlighting its robust performance amidst broader market uncertainty.
According to on-chain reports, a notable whale has been actively investing in $BILLY over the past two days, spending over $580,000 to accumulate the coin at an average price of $0.092. Together with associated wallets, this investor has now invested more than $1 million into $BILLY.
$BILLY has garnered a dedicated following, particularly among whale investors who continue to support its growth trajectory. Despite the challenging market conditions, some analysts speculate that $BILLY could potentially reach market capitalizations in the range of $200 million to $300 million, driven by its strong community and investor confidence.
The whale investor has seen substantial gains from $BILLY, with current unrealized profits estimated at around $1 million. Over the past ten months, this investor has also capitalized on the memecoin market, earning over $10 million in trading profits, including significant gains from $WIF and $BODEN, totaling over $8 million and $2 million respectively.
The whale I shared before is going crazy buying $BILLY. In the past 2 days, he's spent over $580K, with an average purchase price of $0.092.
So far, he and his associated wallets have spent over $1M on this coin.$BILLY has some loyal fans, and they're all whales. If it… https://t.co/ySW77flfNY
— solonchain (@CryptobigM) July 5, 2024
$BILLY Gets Listed To Trade On Some Top Exchanges
Yesterday, $BILLY began trading on top-tier centralized exchanges (CEXs) such as Gate.io and MEXC, enhancing its accessibility and liquidity in the market. This listing is expected to further boost $BILLY’s visibility and potentially attract more investors to participate in its market.
Despite the volatility inherent in memecoins, $BILLY’s recent performance underscores its potential to defy market trends and continue its upward trajectory supported by strong investor interest and strategic trading activities. Investors should closely monitor $BILLY’s movements as it navigates through dynamic market conditions.
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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