$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.
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.
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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