Whale 0x0c17 has been buying the $MEME dip. Over the past 10 days, the whale spent $1.04M to buy 20.31M $MEME($930K now) at an average price of $0.051, making him the largest $MEME holder.

What happened

A cryptocurrency whale, identified as 0x0c17, spent $1.04 million over the past 10 days to buy 20.31 million MEME tokens at an average price of $0.051 each. This purchase makes the whale the largest holder of MEME.

Confirmed

Global impact / market context

A large investor buying a falling token can signal confidence, potentially supporting the price. For regular investors, this shows how big traders can influence market trends, but it does not guarantee future gains, so caution is wise.

Analyst inference

The whale bought during a price dip, meaning the token had fallen in value. Such buying can reduce selling pressure and attract other buyers, but the token's current value is $930K, below the purchase cost, indicating market uncertainty.

Analyst inference

What to watch

1. The whale's total MEME holdings and whether he continues buying or starts selling. This can show if the large investor is committed or changing his position. Confirmed
2. Check MEME's price movement over the next few weeks. If the price rises above the $0.051 average buy price, the whale's trade would be profitable, possibly boosting confidence. Proposed
3. Watch for other large investors following the whale's lead. If more big buyers enter, demand could increase, but if no one follows, the price may stay weak. Analyst inference

Affected assets

• MEME — MEMETOON

Evidence

• x.com