MEW & SLERF made waves across the cryptocurrency landscape today as significant amounts of these tokens were acquired by whales amid the broader crypto market’s recovery. Simultaneously, Kangamoon Play2Earn features are transforming the gaming sector.
Whales Purchasing MEW & SLERF Amid Market Rebound
Based on the insights provided by LookonChain, a blockchain analytics platform, as the wider crypto market displays indications of recovery, two whales collectively withdrew nearly $3 million worth of Solana to acquire MEW and SLERF in the past 24 hours.
Particularly, the whale known by the address B3aTMg withdrew 10,438 SOL, valued at $1.54 million, from Binance to purchase 479.6 million MEW at an average cost of $0.0032. Meanwhile, the whale 2zWLX9 withdrew 8,561 SOL, valued at $1.27 million, from Binance to buy 4 million SLERF at an average price of $0.317.
It’s noteworthy that these acquisitions garnered substantial attention across the broader crypto market as the aforementioned Solana meme coins helped traders in generating significant profits promptly after their launch, witnessing substantial gains. However, MEW & SLERF also experienced price corrections recently, as weekly charts illustrate a 5% and 6.30% decline in prices, respectively.
Nevertheless, in alignment with today’s crypto market recovery, as the majority of cryptocurrencies experienced a surge, MEW and SLERF also saw significant gains. The mentioned whale acquisitions further added a bullish tone to the Solana meme coins.
MEW & SLERF Prices Surge
At present, the MEW (Cat in a Dogs World) token has surged by 80.76% in the past 24 hours and is presently trading at $0.004289. Meanwhile, the SLERF token has increased by 26.97% in the past 24 hours and is currently resting at $0.3765.
The surge in Solana meme coins’ prices primarily aligns with a couple of factors, encompassing the broader crypto market’s uptrend and the substantial whale acquisitions. However, the tokens’ on-chain metrics further highlight market optimism for these assets.
MEW’s open interest surged by 84.33%, while derivatives volume skyrocketed by 152.25%. SLERF’s open interest also rallied by 49.42%, accompanied by a derivatives volume upswing of 165.08%. These collectively underline heightened investor interest in these assets, further solidifying the meme coins’ market uptrend.
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Kangamoon is based on the idea of community
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