Trader becomes largest $MEME holder after $1.22M month of buying despite 58% unrealized loss, per Lookonchain
According to Lookonchain, an unnamed trader spent $1.22M over the past month to buy 30.65M MEME, becoming the token's largest holder, while the position sits on an unrealized loss of $708K, about -58%. The trader was still buying roughly 10 hours before the post. Arkham transfer data shows recent MEME inflows from Relay.link: RelayRouterV3 to the trader's wallet, including purchases of roughly 277K and 280K MEME.
According to Lookonchain, an unnamed trader spent $1.22M over the past month to buy 30.65M MEME, becoming the token's largest holder, while the position sits on an unrealized loss of $708K, about -58%. The trader was still buying roughly 10 hours before the post. Arkham transfer data shows recent MEME inflows from Relay.link: RelayRouterV3 to the trader's wallet, including purchases of roughly 277K and 280K MEME.
Key facts
- A trader spent $1.22M to buy 30.65M MEME over the past month, according to Lookonchain.
- The trader is now the largest holder of MEME.
- The trader's MEME position shows an unrealized loss of $708K, about 58%.
- The trader was still buying MEME about 10 hours before Lookonchain's post.
- Arkham transfer data shows MEME inflows from Relay.link: RelayRouterV3 to wallet 0x0c175C6a0065EE05F871A68783D2d... over the past four days, including two purchases of roughly 277K and 280K MEME about 10 hours ago.
Sources · 2 sources
- BS
BSCN@BSCNewsPost on X ·
This trader won't stop buying $MEME despite -58% losses. According to data from Lookonchain, one trader is now the largest holder of @memecoin having spent $1.22M to buy $MEME over the last month. They are now down roughly -58% ($708,000) on their holdings, but were still buying late last night. Do they know something we don't?!
Open source - LO
Lookonchain@lookonchainPost on X ·
Never seen such a persistent trader. He has been buying $MEME over the past month, spending $1.22M to buy 30.65M $MEME, becoming the largest holder of $MEME. He is now sitting on a loss of $708K(-58%), but was still buying 10 hours ago. https://t.co/vWySbWVwbC https://t.co/ZWcsQUAyDA
Open source