Lookonchain Emerges as the Top Holder of Solana-Based Altcoin Prior to Bitcoin Halving, Dominating the Memecoin Collection
1 min read

Lookonchain Emerges as the Top Holder of Solana-Based Altcoin Prior to Bitcoin Halving, Dominating the Memecoin Collection

A wealthy individual known as a crypto whale has recently become the largest holder of a dog-themed altcoin called PUPS, according to blockchain tracking firm Lookonchain. This whale has accumulated $4.29 million worth of PUPS, which is a cartoon animal-themed meme token. PUPS was initially created for Bitcoin Ordinals but is also available on the Solana blockchain. Lookonchain reports that with the whale’s latest purchase of over half a million dollars, this entity now holds the most PUPS on Solana. The whale bought 8,862 PUPS at $58, and their total holdings now amount to 63,024 PUPS, with an average buying price of $68. Lookonchain also notes that this whale owns other tokens like BODEN and WIF, which are themed around President Joe Biden and dogs, respectively. Previously, Lookonchain observed other Solana whales taking advantage of marketwide corrections to buy discounted tokens like SLERF and BOME. However, four other whales panic-sold WIF during the correction, unloading a total of $12.41 million worth of tokens. As always, investors should conduct their own research before making any high-risk investments.

Leave a Reply

Your email address will not be published. Required fields are marked *