Whale rotates capital from WIF to TREMP and BONK, Solana meme coins make comeback

Crypto intelligence tracker Lookonchain identified a large wallet investor who rotated capital from Solana based meme coin Dogwifhat (WIF) to Doland Tremp (TREMP) and Bonk (BONK). The two meme coins have added double-digit value to their prices in the past 24 hours, as seen on CoinGecko. 

Solana meme coins make a comeback

While most Solana based meme coins are currently hit by a correction, as seen on CoinGecko, TREMP and BONK have posted double-digit gains in the past 24 hours. TREMP has rallied nearly 14% and BONK is up 20.6%. 

Lookonchain noted activity of a large wallet investor who sold 1.7 million WIF worth $4.4 million, while realizing a loss, to buy TREMP and BONK, after a decline in WIF price. The whale’s actions were followed by a spike in the two token’s prices. 

The whale spent 25,682 SOL and bought 1.7 million WIF in March. Following a decline in WIF price, the whale started buying TREMP and BONK, shedding WIF holdings at a loss. The entity has exchange $3.3 million in WIF for 127.16 billion BONK and 966,000 TREMP tokens. 

Two other Solana based meme coins that rallied in the same timeframe are Pajamas Cat (PAJAMAS) and Peng (PENG).