Whale Profits $658K on Solana Meme Coins after $5.86M Investment: Here’s How

• Crypto whale invests $5.86M in five Solana meme coins (WIF, BONK), gains $658K: Lookonchain.
• Other whales accumulate PEPE, GRASS; some sell LDO, BLUR, showing mixed sentiment.
• Meme coin market sees uptick (Floki, SHIB, DOGE), suggesting renewed investor interest.

A crypto whale invested $5.86 million in five different Solana-based meme coins and currently holds $658,000 in unrealized gains from the move. Blockchain tracking platform Lookonchain called attention to this whale’s movement in a tweet.

The whale’s strategy involved splitting the capital across WIF, Fartcoin, POPCAT, MEW, and BONK. All these tokens are native to the Solana blockchain and represent the growing trend of speculative trading in meme-themed cryptocurrencies.

Related: Bitcoin Price Surge Drives Solana Memecoin Deployments

Lookonchain noted that the whale bought 1.48 million WIF tokens for $1.49 million, which are now valued at approximately $1.42 million. He also acquired 1.14 million Fartcoin for $1.47 million, with a current valuation of $1.37 million. 

For POPCAT, the whale purchased 2.92 million tokens for $1.05 million, now worth $1.26 million. He also bought 381 million …

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