Solana whales have been snapping up memecoins at discounted prices after a weekend market correction.
Whale Accumulation
Two Solana whales bought large amounts of Slerf (SLERF), Book of Meme (BOME), and Jeo Boden (BODEN) from crypto exchanges Kucoin and Binance. One whale spent $4.56 million on BODEN, while the other spent $2.25 million on SLERF and $661,000 on BOME.
Whale Panic Selling
While some whales were buying, others were panic-selling. Four whales sold a total of $12.41 million worth of dogwifhat (WIF), the largest memecoin on Solana.
Conclusion
Solana whales have been taking advantage of the market correction to accumulate memecoins at lower prices. While some whales have sold their WIF holdings, others have seen this as an opportunity to buy.
