{"id":140428,"date":"2024-10-24T10:00:25","date_gmt":"2024-10-24T07:00:25","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=140428"},"modified":"2024-10-23T19:48:11","modified_gmt":"2024-10-23T16:48:11","slug":"anonymous-millionaire-goes-on-a-5-million-memecoin-buying-spree","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/anonymous-millionaire-goes-on-a-5-million-memecoin-buying-spree\/","title":{"rendered":"Anonymous Millionaire Goes on a $5 Million Memecoin Buying Spree"},"content":{"rendered":"<p>The whale address <strong><a href=\"https:\/\/x.com\/lookonchain\/status\/1848924592636891162\" rel=\"nofollow\">received<\/a> <\/strong>32,695 SOL from Binance and has made multiple purchases across various tokens, showing a mix of gains and losses.<\/p>\n<p>The largest chunk of the investment went to the GOAT token, allegedly generated by AI, with an allocation of $3.39 million\u201418,000 <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/solana\/\">SOL<\/a> <\/strong>bought 6.95 million GOAT at $0.43 each. Other acquisitions included GIGA, FWOG, HAMMY, WIT, JACK, and WTRIX, although these received smaller investments.<\/p>\n<p>By the time of the report, the wallet had amassed 31.71 million GIGA, worth $2 million, bought at $0.062. Additionally, 2,900 SOL was spent on 1.98 million FWOG, totaling $484,000.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-140373\" href=\"https:\/\/cryptodnes.bg\/en\/new-crypto-cashback-partnership-enables-ada-rewards\/\" title=\"New Crypto Cashback Partnership Enables ADA Rewards\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/04\/cardano-17-luchec-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">New Crypto Cashback Partnership Enables ADA Rewards<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Commentators were skeptical about the investment strategy, with some criticizing the decisions as poor and predicting losses in the near future. The renewed interest in memecoins highlights the speculative nature of this market, where traders often act out of\u00a0 FOMO.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An anonymous millionaire has been on a shopping spree for Solana-based memecoins, investing over $5 million since October 21.<\/p>\n","protected":false},"author":3,"featured_media":139533,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[426,116],"coin_category":[],"class_list":["post-140428","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-binance","tag-memecoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Anonymous Millionaire Goes on a $5 Million Memecoin Buying Spree<\/title>\n<meta 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