{"id":285992,"date":"2024-04-19T14:25:18","date_gmt":"2024-04-19T08:55:18","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=285992"},"modified":"2024-04-19T14:25:18","modified_gmt":"2024-04-19T08:55:18","slug":"whales-shift-focus-to-this-new-meme-coin-from-wif-boden-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/whales-shift-focus-to-this-new-meme-coin-from-wif-boden-crypto-news\/","title":{"rendered":"Whales Shift Focus To This New Meme Coin From WIF & BODEN – Crypto News"},"content":{"rendered":"

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In the dynamic world of cryptocurrency, meme coins have emerged as a captivating trend, drawing considerable attention from investors. Notably, this year has witnessed a flurry of activity in the meme coin segment, with notable performers like WIF and BODEN gaining traction alongside established names like Dogecoin and Shiba Inu.\u00a0<\/span><\/p>\n

However, recent developments suggest a shift in focus as a prominent whale redirects attention to a new contender: PUPS (Ordinals) (PUPS). So, let\u2019s quickly take a tour of the implications of this move and the factors driving the surge in interest.<\/span><\/p>\n

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Whales Shift Focus From WIF & BODEN<\/span><\/h2>\n

Amid the recent hype surrounding meme coins<\/a>, a significant transaction has caught the eye of the crypto community. According to a recent report by on-chain data tracking platform Lookonchain, a whale has\u00a0<\/span>made a strategic shift<\/span> towards PUPS, a meme coin project built on the oldest blockchain platform.\u00a0<\/span><\/p>\n

Notably, the whale exchanged a substantial amount of BODEN<\/a> and WIF for PUPS, signaling growing confidence in this emerging meme coin. This move has sparked speculations among the market participants over a potential shift in focus of the investors.<\/span><\/p>\n

Meanwhile, the transaction involved the whale spending 1.8 million Boden (worth approximately $1.15 million) and 1.05 million WIF (worth around $2.63 million) to acquire 54,161 PUPS<\/a>, valued at\u00a0<\/span>approximately<\/span>\u00a0$2.88 million. He has purchased the PUPS crypto at an average price of $70 since April 11.<\/span><\/p>\n

<\/p>\n

Notably, the whale still retains significant holdings in both BODEN and WIF, indicating a calculated diversification strategy within the meme coin space.\u00a0<\/span>Precisely,<\/span>\u00a0he still has 20 million BODEN, worth around $16.4 million, and 2.22 million WIF, worth around $6.1 million, in his portfolio.<\/span><\/p>\n

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Also Read: Bitcoin Price Risk Falling On Options Expiry Before Bitcoin Halving?<\/a><\/strong><\/p>\n

Rise of PUPS and Market Speculation<\/span><\/h2>\n

PUPS, positioned as the first meme coin on the Bitcoin<\/a> blockchain, has garnered attention for its unique features and growing investor interest. With a focus on innovation and community engagement, PUPS has differentiated itself in a crowded market, attracting\u00a0<\/span>both<\/span>\u00a0traders and enthusiasts alike.<\/span><\/p>\n

In addition, endorsements from prominent figures within the crypto space, such as\u00a0<\/span>popular<\/span>\u00a0trader Ansem, have further fueled speculation surrounding PUPS. Ansem\u2019s recent comparison of WIF to PUPS<\/a> has underscored the potential for a significant upside in the meme coin space, driving curiosity and investment activity.<\/span><\/p>\n

Meanwhile, as PUPS continues to make waves in the cryptocurrency<\/a> sphere, investors <\/span>are closely monitoring its progress and evaluating<\/span>\u00a0its long-term viability.<\/span>\u00a0With the support of strategic players like the\u00a0<\/span>aforementioned whale<\/span>\u00a0and endorsements from key influencers, PUPS appears poised to carve out a distinct niche within the meme coin ecosystem.<\/span><\/p>\n

<\/p>\n

As of writing, the PUPS price was up 9.02% and traded at $54.27, while its trading volume soared 58.04% over the last 24 hours to $7.26 million. Notably, the crypto has touched a high of $107.22 and a low of $38.10\u00a0<\/span>in the last<\/span>\u00a024 hours.<\/span><\/p>\n

\"PUPS
PUPS Price<\/figcaption><\/figure>\n

On the other hand, the BODEN price rose 34.10% over the last 24 hours to $0.7396, with its trading volume <\/span>rising<\/span>\u00a010% to $41.15 million. Simultaneously, the WIF price rose 17.10% to $2.68, and its trading volume surged 39.58% to $679.43 million.<\/span><\/p>\n

\"BODEN\"BODEN
BODEN Price<\/figcaption><\/figure>\n

Also Read: Ethereum Gas Fee Crashes to Three-Month Low, ETH Price Recovers to $3,100<\/a><\/strong><\/p>\n

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Rupam, a seasoned professional with 3 years in the financial market, has honed his skills as a meticulous research analyst and insightful journalist. He finds joy in exploring the dynamic nuances of the financial landscape. Currently working as a sub-editor at Coingape, Rupam’s expertise goes beyond conventional boundaries. His contributions encompass breaking stories, delving into AI-related developments, providing real-time crypto market updates, and presenting insightful economic news. Rupam’s journey is marked by a passion for unraveling the intricacies of finance and delivering impactful stories that resonate with a diverse audience. <\/p>\n<\/p><\/div>\n

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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.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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In the dynamic world of cryptocurrency, meme coins have emerged as a captivating trend, drawing considerable attention from investors. Notably, this year has witnessed a flurry of activity in the meme coin segment, with notable performers like WIF and BODEN gaining traction alongside established names like Dogecoin and Shiba Inu.\u00a0 However, recent developments suggest a […]<\/p>\n","protected":false},"author":2,"featured_media":285506,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-285992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/285992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=285992"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/285992\/revisions"}],"predecessor-version":[{"id":285994,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/285992\/revisions\/285994"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/285506"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=285992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=285992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=285992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}