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The whale that opened the new wallet bought two meme coins from Binance.

Arover
By Arover
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The whale that opened the new wallet bought two meme coins from Binance.

to stay On Google News Follow up.

While 2024 was the year of meme coins, a whale bought two meme coins worth $4.5 million on the Binance exchange. According to information provided by on-chain data tracking platform Lookonchain, a new and never-before-used Wheel wallet received SHIB and PEPE from Binance.

Whale, who bought 60 billion Shiba Inu coins worth $1.5 million and 150 billion PEP coins worth $2.9 million, later withdrew the coins from the stock market.

This year, PEPE in particular has achieved a very serious growth with an increase of almost 2000% compared to last year. Shiba Inu has also gained more than 200 percent in the past year.

2024 has been the year of meme coins, especially with Bitcoin. While many altcoins stagnated, meme coins, especially those based on Solana, provided multiple returns to their investors.

While many exchanges created new memecoin listings, memecoin’s total market value exceeded $100 billion.

While some analysts say the memecoin season will continue to strengthen and even lead to a “super cycle,” others believe the craze is over.

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