• Whale investors can significantly impact meme coin markets, as seen with SILLY’s rapid value increase.
• The crypto market’s volatility is highlighted by contrasting outcomes in short timeframes.
• Insider trading concerns arise in crypto, demonstrated by the rapid success of early SILLY investors.

In a recent move, a whale made a significant investment in a Solana-based memecoin, Silly Dragon (SILLY). As per Lookonchain a prominent blockchain figure, this investor deployed 8,552 SOL, equivalent to approximately $787,000, to purchase 9.51 million SILLY tokens at an average price of $0.08277 over the past eight days.

This strategic move has already resulted in a substantial floating profit of $473,000, marking a 60% increase in value. Prior to this venture, the same investor engaged with another digital asset, $ZERO, with contrasting results. They initially spent 1,475 SOL on $ZERO but subsequently sold it for 1,022 SOL, enduring a loss of 453 SOL, or about $34,000, within just two days.

The post Breaking: Solana Whale Scores Big with SILLY, Turning $787K into Major Profit appeared first on Coin Edition.

• Whale investors can significantly impact meme coin markets, as seen with SILLY’s rapid value increase.
• The crypto market’s volatility is highlighted by contrasting outcomes in short timeframes.
• Insider trading concerns arise in crypto, demonstrated by the rapid success of early SILLY investors.

In a recent move, a whale made a significant investment in a Solana-based memecoin, Silly Dragon (SILLY). As per Lookonchain a prominent blockchain figure, this investor deployed 8,552 SOL, equivalent to approximately $787,000, to purchase 9.51 million SILLY tokens at an average price of $0.08277 over the past eight days.

This strategic move has already resulted in a substantial floating profit of $473,000, marking a 60% increase in value. Prior to this venture, the same investor engaged with another digital asset, $ZERO, with contrasting results. They initially spent 1,475 SOL on $ZERO but subsequently sold it for 1,022 SOL, enduring a loss of 453 SOL, or about $34,000, within just two days.

The post Breaking: Solana Whale Scores Big with SILLY, Turning $787K into Major Profit appeared first on Coin Edition.