CandleFocus Whale Wallets Accumulate Top Meme Coins as Solana Battles $196 Support Level
2025-01-10
Author: Content Editor
The recent whale activity on Solana has generated interest in the crypto market as a wallet known as "DWhUa" purchased $18.57 million worth of meme coins within 14 hours. The tokens purchased include $WIF, $POPCAT, $FWOG, and $michi, which were then transferred to a new wallet called "D2Noa." Meme coins have seen fluctuating interest in 2025, but established coins like $WIF and $POPCAT continue to draw attention. Solana's price has experienced a decline, forming a descending triangle pattern, and the $196-$200 support zone has been tested repeatedly. If this support level fails, Solana could decline further. However, the ongoing accumulation of meme coins may spark renewed interest in Solana's ecosystem.
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