Despite facing criticism, Solana-based meme coins have provided at least 100% return to crypto investors. Smart money or whales have made significant profits by investing at the right time in these meme coins. On-chain data providers have revealed meme coins that whales are buying after Book Of Meme (BOME) and cat in a dogs world (MEW).
Smart Money Buying Orcat After BOME
The largest BOME pre-sale participant has become the largest holder of Orcat meme coin, reported on-chain data platform Lookonchain on April 1. Orcat is said to be a fusion of Orca and Cat, considering itself as a Pepe Coin and Dogecoin killer.
Smart money sundayfunday.sol used 73 Solana (SOL) worth $15K to buy 94.55 million Orcat. It used two wallets to become the largest holder, grabbing 9.46% of the total supply.
The whale also provided liquidity for Orcat, with 150 SOL tokens and 12.4 million Orcat on Raydium, an AMM and liquidity provider on the Solana blockchain for the Serum Decentralized Exchange.
