The cryptocurrency space has seen a notable surge of a new Solana-based memecoin, $MANEKI, which has rallied by 30,000% since its launch. Significantly, this rise has caught the attention of a trader who accurately predicted the success of $BOME, a move that generated substantial profits.
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Whale Trader Bets Big on $MANEKI
According to blockchain analytics firm Lookonchain, a whale trader identified as @bazingahappy, who previously profited from a timely investment in $BOME, has now set his sights on $MANEKI. Notably, @bazingahappy spent 10,138 $SOL (approximately $1.52 million) to acquire 76.94 million $MANEKI tokens at an average price of $0.0198.
Moreover, another whale, identified as “cat-addict.sol,” has also made substantial investments in $MANEKI. Over the past three days, this whale withdrew 25,948 $SOL (approximately $4.05 million) from Binance and proceeded to spend 19,445 $SOL (approximately $3.03 million) to purchase 456.75 million $MEW tokens and an additional 6,503 $SOL (approximately $1.01 million) to acquire 109.64 million $MANEKI tokens.
Rapid Adoption and Listings on Major Exchanges
The surge of $MANEKI has been fueled by its rapid adoption and listings on numerous major cryptocurrency exchanges. Within four hours of listing on the Jupiter Exchange, this memecoin ignited a frenzy of trading activity, drawing significant attention from investors and traders alike.
Subsequently, $MANEKI has been listed on several top crypto exchanges, including Crypto.com, CoinMarketCap, LBank, Gate.io, Poloniex,Bitget, Bittrue and MEXC Global. These listings and verifications have undoubtedly played a crucial role in driving the rapid growth of $MANEKI.
According to the latest data from CoinMarketCap at the time of writing, the price of $MANEKI currently stands at $0.022785, reflecting an 11.39% increase over the past 24 hours.
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Show more +Solana’s Memecoin Dominance
The surge of $MANEKI has also highlighted the growing dominance of memecoin projects within the Solana ecosystem. According to data shared by @kkashi_yt, $MANEKI currently tops the list of Solana tokens with the highest daily trading volume, followed by other notable memecoins such as $catGPT, $Fluff, $Popcat, and $Tom.
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