- Whale investors are once again buying up meme tokens FLOKI and PEPE, sparking renewed interest in the market.
- Stock trader and analyst Keith Gill, known for fueling the GameStop frenzy, has caused a significant surge in meme tokens in recent days.
- According to a post by Spot On Chain, whales have been accumulating PEPE and FLOKI over the past 24 hours.
Whale investors are showing renewed interest in meme tokens, with FLOKI and PEPE seeing significant accumulation. This surge, sparked by stock trader Keith Gill, could signal a return of the memecoin season.
Whales Accumulate FLOKI and PEPE
Whale investors, known for their large-scale investments, have been buying up meme tokens FLOKI and PEPE. This renewed interest comes after a significant surge in these tokens, which has been attributed to stock trader and analyst Keith Gill. Gill, known for his role in the GameStop frenzy, has once again caused a stir in the market.
Noteworthy Investments
According to a post by Spot On Chain, a controversial market maker known as DWF Labs, which had not purchased FLOKI for over a year, has once again started buying the token on Binance. Additionally, a successful whale trader in PEPE has purchased $4.2 million worth of the token. This whale has previously made two successful PEPE trades, earning over 100% profit each time.
Are We Seeing a Return of the Memecoin Season?
The recent activities of these whale investors have sparked discussions about a possible return of the memecoin season. The surge in meme tokens, particularly FLOKI and PEPE, has certainly caught the attention of investors. Whether this trend will continue remains to be seen.
Conclusion
The renewed interest in meme tokens by whale investors could signal a return of the memecoin season. With significant accumulation of FLOKI and PEPE, and the influence of stock trader Keith Gill, the market is certainly buzzing. However, as with any investment, caution should be exercised and investors should conduct their own research before making any decisions.
