Whale Entry Drives Meme Coin '1' Market Cap Beyond $16M
Blockchain data reveals a new address strategically accumulated 1.54 million tokens of Meme Coin '1' when its market cap rebounded to $9 million, representing a total investment of approximately $137,000.
- Precision Timing: Entered position during critical market rebound
- Cost Control: Executed two separate buys to optimize entry price
- Ranking Impact: Briefly entered top 3 token holders list
With growing market momentum, the coin's market cap has now surpassed $16 million. The address realized partial profits by selling 17.6% of holdings, securing approximately $97,000 in gains with a 71% return on investment.
Strong Position Maintenance
Despite taking profits, the wallet continues holding approximately 1.27 million tokens valued at $190,000, maintaining fourth position in token distribution rankings. Notably, this address emerged as the largest single buyer in the past 24 hours.
Investors should note: Multiple similarly named Meme Coins exist in the market. Use this official verified contract address for reference:
Verified Contract:
0xff5d99a5c16cf2ffb4e7da1d7c42a791e70e4444
Given the highly speculative nature of Meme Coins, prudent risk management and cautious position sizing are strongly advised.