Crypto Whales Eye More Upside After Massive PNUT and GOAT Price Rally

Crypto whales continued to remain bullish on newly listed tokens on Binance — Peanut the Squirrel and Goatseus Maximus. On Saturday, a whale withdrew $7.12 million worth of PNUT from Binance today as the price rallied 2000% in a week. Alongside this, the whale also holds GOAT, which has risen 60% in the past week. The whale activity signals growing interest in meme coins.

Crypto Whale Accumulates PNUT Worth Millions

According to Solscan, a crypto whale withdrew 3.848 million PNUT from Binance to a personal address on November 16. The total value of this transfer was $7.12 million, attracting attention as crypto whales often indicate upcoming market movements. PNUT price has skyrocketed a massive 2000% over the week.

In addition to PNUT, the whale made another notable move with GOAT recently. The trader spent $6.1 million to buy 10 million GOAT tokens at an average price of $0.61. GOAT, which has recently seen a 60% surge, has now increased by 90% since the whale purchase. The whale is currently sitting on a floating profit of $5.5 million from this investment.

This surge in PNUT and GOAT prices aligns with the broader rise in meme coins, particularly on the Solana blockchain. As PNUT continues to trade at an all-time high, its potential for further gains has captured the attention of crypto investors and traders alike.

Solana Meme Coins on the Rise

The rise of Ethereum-based meme coins has paved the way for a surge in Solana meme tokens this bull market. Solana meme coin sector is gaining momentum, with coins like ACT and PNUT hitting ATH.

Currently, PNUT trades at $1.85, boasting a 24-hour low and high of $1.63 and $2.17, respectively. Its weekly gain stands at 2000%, and it has surged by 3000% over the past month, with a 24-hour trading volume reaching $2.88 billion.

Meanwhile, Goatseus Maximus- GOAT, another Solana-based meme coin, is also riding this bull market wave. Named after a viral tweet by @truth_terminal and supported by an AI bot, GOAT has rapidly gained traction within the crypto community. Trading at $1.155, GOAT price is projected to hit $5. The 24-hour low of $0.899 and a high of $1.26. Over the last week, it has increased by 52%, and it’s up by 300% over the month, with a daily trading volume of around $593.36 million.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.