DWF Labs Moves 2 Billion FLOKI Tokens for the First Time in a Year While Whales Accumulate Pepe Coin: Is Meme Coin Season Back?

Recent activity in the cryptocurrency market suggests a potential resurgence in meme coin popularity. Smart traders have been accumulating significant amounts of $PEPE and $FLOKI, indicating renewed interest and potential bullish trends in the meme coin sector. Here’s a detailed look at the recent movements shared by Spot On Chain:

DWF Labs’ FLOKI Withdrawal

DWF Labs, a prominent player in the crypto trading space, has made a notable move involving $FLOKI. Approximately a few hours ago, DWF Labs withdrew 2 billion $FLOKI tokens from Binance, a transaction valued at $394,000.

This activity is particularly important as it marks their first $FLOKI transaction in over a year. Such a substantial withdrawal hints at a strategic move, possibly indicating bullish sentiment or preparatory steps for future market actions.

New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW

Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!

Sponsored

Show more +

Whale Activity with PEPE

Another notable transaction involves a smart trader identified by the address 0x37d. This trader withdrew 407.74 billion $PEPE tokens from Binance 19 hours ago.

Valued at $4.2 million, this is their third trade involving $PEPE. The trader has already realized a profit of $292,000, a 6.95% gain from this recent transaction. Historically, this whale has profited greatly from $PEPE, amassing a total profit of $3.59 million, reflecting a 100% return from two previous trades.

These transactions highlight a renewed interest in meme coins, which could signal the beginning of another meme coin season. The notable amounts involved and the players making these moves suggest confidence in the potential for growth and profitability in the meme coin sector.

Smart traders’ strategic accumulations often precede market trends, and their actions can be indicative of broader market sentiment. The recent activity around $PEPE and $FLOKI could spark increased interest and trading volume in these and other meme coins.

Read more: Roaring Kitty Triggers Competition Between Cat and Doge-Themed Coins: Analyst Shares Top 5 Cat Meme Coins To Watch

Join Aethir’s exclusive airdrop and earn badges by participating in events or holding community tokens. Complete tasks and secure your spot before the snapshot date is revealed!

Check $RECQ Meme Coin

Sponsored: Invest Responsibly, Do Your Own Research.
Serves as the base currency for all transactions within the Rebel Satoshi platform
ICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Vignesh Karunanidhi
Vignesh Karunanidhi

Seasoned crypto writer with deep passion for blockchain and cryptocurrency

CaptainAltcoin
Logo