Solana-based mem token BONK, which experienced a great rise after the listings of Binance and Coinbase on the world's leading stock exchanges, has recently entered a downward trend.
However, BONK, which took action with the rally in Bitcoin yesterday, increased by 26% in the last 24 hours.
While this rise in BONK also mobilized the whales, the whale, which earned approximately 7 million dollars from BONK trade, started buying again.
According to Lookonchain's post, the smart whale, who earned 6.9 million dollars from BONK, bought 3.29 billion BONK for 386 SOL (worth 40 thousand dollars) today.
Lookonchain also said that this whale had been accumulating BONK for about 9 months and started selling his BONK after the Binance listing.
“This smart whale, who earned approximately $6.9 million in BONK trading, bought 3.29 billion BONK again today and spent 386 Solana (worth $40 thousand) for these BONKs!
“This whale accumulated 371.4 billion BONK in 9 months at a cost of only 6,998 SOL ($276 thousand) and sold half of the BONK for 50,139 SOL ($5.2 million) during the BONK rise.”
BONK continues to trade at $0.00001289 at the time of writing.
This smart trader who made ~$6.9M on $BONK spent 386 $SOL($40K) to buy 3.29B $BONK again today!
He accumulated 371.4B $BONK in 9 months at a cost of only 6,998 $SOL($276K) and sold half of the $BONK during the $BONK surge for 50,139 $SOL($5.2M).https://t.co/pOFRD2ndI8 pic.twitter.com/lkgGm13G0e
— Lookonchain (@lookonchain) January 9, 2024
*This is not investment advice.
