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A Solana Whale Invested $2.4 Million in a Meme Coin That Increased 300 Times in 3 Weeks! - Coin Bulletin
A crypto whale has invested millions of dollars in a meme coin based on Solana (SOL) using two different wallets.
According to data transmitted by Lookonchain, 2 wallets that are likely to belong to a major investor purchased a total of 10.47 million BULLY by spending a total of $2.42 million USDC in the last 2 days.
This purchase was made at an average price of $0.23. However, at the moment, the investor is facing a loss of approximately $428,000 due to the price dropping to $0.19.
This transaction represents a short-term loss for investors due to the market price falling below expectations.
Based on Solana, BULLY hosted a 3,000% increase from just $0.08 on November 13 to $0.25 on November 27, experiencing a 300x rise in the past 3 weeks.
However, the future of BULLY and whether this purchase is made with long-term strategies is carefully monitored by investors and markets.