Meme coins are once again dominating the crypto market, with four out of the top 10 best-performing cryptocurrencies in the past 24 hours being meme coins. Notable gainers include BONK (+10.2%), PEPE (+4.8%), WIF (+4.7%), and FLOKI (+4.1%). As meme coins regain traction, crypto traders are turning their attention to lesser-known coins.
Renowned crypto trader "paulo.sol" is making significant strides in new memecoin territories, as revealed by data from on-chain analysis service Lookonchain. Paulo.sol, known for his previous successes with coins like BONK, WIF, and BODEN, is now focusing on acquiring stakes in PUPS and POPCAT.
Lookonchain highlights paulo.sol's impressive track record, with realized profits of $9.51 million on WIF, $7.04 million on BODEN, and $6.28 million on BONK. Paulo.sol's strategy involves buying low and selling high, as evidenced by his early investment in BONK in November 2023, resulting in substantial gains.
While paulo.sol continues to hold significant stakes in BODEN and WIF, his recent activities indicate a pivot towards new meme coins. He has invested $1.77 million in 4.3 million POPCAT tokens and $5.97 million in 101,712 PUPS tokens, becoming the largest holder of PUPS on Solana.
Paulo.sol's investments have had a noticeable impact on the market dynamics of POPCAT and PUPS. Despite a general downturn in the memecoin sector, POPCAT's price surged by 52% in a single day, with trading volume increasing by 51% to $166 million. Conversely, PUPS has seen a price drop of 4.2% and a 27% decrease in trading volume.
As meme coins continue to attract attention in the crypto market, paulo.sol's strategic moves into new memecoins like PUPS and POPCAT signal potential opportunities for investors. Despite market fluctuations, paulo.sol's track record and investment decisions are closely watched by both investors and analysts.
BONK and WIF defy market trend with surges amidst crypto correction. BONK rises 13.5% on token burn proposal, bullish technical signals. WIF gains 8.5%, no major news. Both show potential for further gains, but caution advised due to meme coin volatility.
Xu LinBonk has soared more than 47% in the short term and is up nearly 200% in the past week as the broader market rebounds and Bitcoin nears all-time highs. Amid this rally, Bonk's combined market capitalization has surpassed that of SUI, SEI, and TIA, and currently stands at $2.5 billion.
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EdmundBONK and WIF, memecoins on the Solana blockchain, experience dramatic shifts in market positions, reflecting the volatile nature of the crypto market.
BrianWIF, a meme token on Solana, surged from less than $0.10 to almost $0.50 after Binance listed perpetual contracts for the token. As a Solana standout, WIF's rapid rise, coupled with a strategic wallet transaction, positions it as a noteworthy player in the ever-evolving meme token landscape.
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BerniceBinance lists Bonk (BONK) on December 15, offering BONK/USDT, BONK/FDUSD, BONK/TRY trading pairs, and adds BONK to isolated margin trading within 48 hours.
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