After WIF, BONK, BODEN: Top Crypto Trader Now Buys These 2 Memecoins

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As a seasoned crypto investor with a keen interest in meme coins, I’ve witnessed the surging popularity of these digital assets over the past few days. Memecoins have been making waves in the market, with four of the top 10 performing cryptocurrencies in the top 100 being meme coins. The recent success stories include BONK, PEPE, WIF, and FLOKI.

As a researcher studying the cryptocurrency market, I’ve noticed an intriguing trend emerging: meme coins have been making significant strides in recent days. In fact, four of the top ten performing cryptocurrencies within the top 100 by market capitalization are currently meme coins. These high-flyers include BONK, which has gained over 10% in the last 24 hours, PEPE with its 4.8% increase, WIF climbing 4.7%, and FLOKI boasting a 4.1% surge. This shift in focus towards lesser-known meme coins is a clear sign that crypto traders are continually on the lookout for promising investments.

Top Crypto Trader Focuses On These 2 Memecoins

Based on information from the on-chain analysis platform Lookonchain, well-known crypto trader “paulo.sol” has been actively investing in new memecoin markets. Previously successful in amassing substantial gains from meme coins such as BONK, WIF, and BODEN, paulo.sol is now setting his sights on increasing holdings of PUPS and POPCAT.

What a legend!
paulo.sol has realized profits of $9.51M on $WIF, $7.04M on $boden and $6.28M on $BONK.
1/ Let’s dig into his trades to see what he’s buying.
— Lookonchain (@lookonchain) April 26, 2024

As a crypto investor, I’m always on the lookout for valuable insights into the investment strategies of successful traders. Recently, I came across some intriguing posts from Lookonchain about Paulo.sol. They gave an in-depth analysis of his past and current investments on various platforms.

As a researcher, I uncovered some intriguing information about paulo.sol’s investment in BONK back in November 2023. Based on available data, it appears that he made a shrewd move by purchasing this cryptocurrency at an early stage when its value was still relatively low. To be precise, I found that paulo.sol bought BONK as early as November 11, 2023. At the time of purchase, the price was likely to have been significantly lower than its eventual peak.

The crypto trader stuck to his plan by purchasing WIF and BODEN in December 2023 and March 2024, respectively, after their significant price surges. It’s worth noting that “paulo.sol” held off from buying these cryptocurrencies when they initially became available but later heavily invested as their prices took off, according to Lookonchain’s analysis.

At present, Paulo.sol maintains control over 12.87 million BODEN tokens, equivalent to around $7.6 million, and 1.87 million WIF tokens, which are roughly valued at $5.7 million. Lately, however, his actions have shifted focus towards new meme coins, PUPS and POPCAT, generating buzz among investors and analysts.

As a crypto investor keeping an eye on Solana’s blockchain, I came across some interesting transactions from the address paulo.sol. In the past few days, this wallet has been actively purchasing two specific tokens: PUPS and POPCAT.

The influence of Paulo.sol’s investment in the meme coin market is clearly noticeable. In contrast to the overall decline in the memecoin industry, POPCAT’s price experienced a significant leap of 52% today, reaching around $0.51 and recording a substantial trading volume growth of 51%, totaling $166 million. Over the past nine days, this coin has witnessed an astonishing surge of 410%.

Alternatively, PUPS experiences a 4.2% decrease in price today, now selling for $36.96, accompanied by a significant reduction of 27% in trading volume to $2.82 million. Following its peak at over $152 on Coinex on April 14, the price of PUPS has plummeted by more than 78%.

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2024-04-26 16:17