A BONK whale has accumulated a massive quantity of the token in a long-term bullish bet.
Whale embrace of crypto is beginning to take the stage in the ecosystem.
In the world of crypto trading, one whale has caught the attention of the community by once again going long on Bonk (BONK), a memecoin resident on the Solana blockchain.
According to on-chain data reported by blockchain tracking platform Lookonchain, this savvy trader, who previously made millions on BONK, recently purchased over three billion BONK, signaling renewed bullish sentiment in the Dogecoin (DOGE) rival.
The Strategic Moves from the BONK Whale
Lookonchain revealed in a post on X that the profitable BONK trader spent 386 SOL worth approximately $40,000 to acquire 3.29 billion BONK on January 9. The trader had previously accumulated 371.4 billion BONK over nine months at a cost of only 6,998 SOL or $276,000.
This smart trader who made ~$6.9M on $BONK spent 386 $SOL($40K) to buy 3.29B $BONK again today!
He accumul
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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered…