The crypto world is buzzing again. A major "whale" has made a bold move, investing nearly $5.86 million into five popular Solana-based memecoins—and within hours, they’re sitting on an unrealized profit of over $658,000!
🔹 Which coins brought in the biggest gains?
The whale's portfolio includes meme tokens like Dogwifhat (WIF), Fartcoin (FARTCOIN), Popcat (POPCAT), Bonk (BONK), and Cat in a Dog's World (MEW). Altogether, the total portfolio value now stands at around $6.62 million.
📈 Solana Memecoins Fuel On-Chain Activity
Memecoins built on Solana have recently exploded in popularity, contributing to record-breaking application revenue—$1.2 billion in Q1 2025—despite ongoing market volatility.
🔍 What Did the Whale Buy?
According to blockchain analysis platform Lookonchain, the trades were executed via Jupiter Aggregator, a decentralized routing protocol on the Solana network. These transactions took place in just seven hours!
Here’s a breakdown of the whale's purchases:
🔹 WIF – $1.49M spent → 1.48M tokens (current value: ~$1.42M)
🔹 FARTCOIN – 1.14M tokens bought for $1.47M (now worth ~$1.39M)
🔹 POPCAT – $1.05M invested for 2.92M tokens (value now ~$1.28M)
🔹 MEW – $946K spent → 381M tokens (now valued at ~$1.21M)
🔹 BONK – $898K for 67.44B tokens (worth ~$1.29M now)
Altogether, the portfolio saw a 658K USD increase in value, which equals an impressive 11% gain in just a few hours. 💸
🧠 And There's More...
Solscan data reveals additional activity: the whale received over 1.4 million MEW tokens and 154 million BONK tokens, alongside 8,712 FARTCOIN (worth ~$11,000), and made an outgoing payment of about the same value in USDC.
📊 Memecoins Dominate the Portfolio
At the time of writing, the whale holds 26 different tokens, but the five memecoins above account for the majority of the wallet’s total value. Here are their current prices:
🔹 WIF: $0.94
🔹 FARTCOIN: $1.19
🔹 POPCAT: $0.43
🔹 MEW: $0.0031
🔹 BONK: $0.000018
🚀 Solana Sets Records, Ethereum Loses Ground
The memecoin craze is just part of the bigger picture. According to Messari, Solana apps pulled in a record $1.2 billion in revenue in Q1 2025. The biggest contributor? Pump.fun, which alone generated $257 million.
The Phantom wallet followed, bringing in another $164 million. According to DefiLlama, Solana accounted for over 50% of total dApp revenue in 2024—surpassing Ethereum, whose share dropped to 12.84%.
On Ethereum, traditional DeFi protocols like Lido, MakerDAO, and Aave still lead in earnings, but their yearly revenue ranged from just $88M to $180M.
One exception is Hyperliquid, a perpetual DEX and L1 blockchain, which pulled in $212 million—with 20% of that coming in the last 30 days alone!
🤔 What do you think? Are you watching Solana’s memecoins too, or do you prefer to steer clear of the risk?
#solana , #blockchain , #memecoins , #defi , #CryptoWhale
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