$WHY, a popular meme coin on the Binance Smart Chain (BSC), has experienced a phenomenal surge of over 2900% since its listing in early May.
The coin saw a significant boost when BNB Chain announced the BNB Incubator Alliance at the Bitcoin 2024 Conference in Nashville, causing $WHY’s price to double in the days following the announcement.
Trading activity on Smart DEX Traders peaked between the 18th and 20th of the month, followed by profit-taking from long-term holders identified as “Smart Traders.” A robust buy-back phase was observed on the 26th, though this activity has recently started to taper off.
Some Notable Large $WHY Transaction To Monitor
In the past 24 hours, there has been notable buying activity from smart dex wallets. Wallet 0x92fb8 purchased $50.2K worth of $WHY, having previously profited $30.1K, reflecting a 10% gain on their holdings. Similarly, wallet 0xa554 acquired an additional $39K worth of $WHY, after previously earning $40.9K in profits, representing a 13.1% gain on their holdings.
🐘 Update on $WHY on July 30, 2024
(Stay tuned for real-time update on $WHY: https://t.co/P8ATIZuZCI)$WHY, a popular meme coin on the #BSC ecosystem has surged over 2900% since its early May listing. When @BNBCHAIN announced the BNB Incubator Alliance at the… pic.twitter.com/09WjqtnALv— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) July 30, 2024
These recent purchases by experienced traders suggest continued confidence in the potential of $WHY. As trading volume on Smart DEX Traders remains significant, all eyes are on how $WHY will perform in the coming days, especially with its recent history of sharp price movements and substantial gains.
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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