Solana-based memecoin $MUMU recently achieved a market capitalization of $260 million, experiencing a 57% increase in the last 24 hours and briefly breaking the $0.00012 mark, currently priced at $0.0001140. This surge has significantly narrowed the losses of a whale investor who had invested $2.51 million in $MUMU four days […]

Whales Investment In Solana Memecoin $MUMU Narrows Losses Amid Surge

Solana-based memecoin $MUMU recently achieved a market capitalization of $260 million, experiencing a 57% increase in the last 24 hours and briefly breaking the $0.00012 mark, currently priced at $0.0001140.

This surge has significantly narrowed the losses of a whale investor who had invested $2.51 million in $MUMU four days ago, reducing his floating loss to $138,000.

Notable $MUMU Transactions Made By This Whale In The Last Few Days

Prior to his major investment, the whale had already acquired a small position in $MUMU. On July 22, he exchanged 80,000 $WIF and 11 $SOL for 4.85 billion $MUMU tokens.

By July 25, for reasons not fully understood, he decided to make a high-profile move, swapping 1 million $WIF for more $MUMU tokens. This transaction caused the price of $MUMU to skyrocket by 95 times in a very short period.

As expected, the whales aggressive purchasing led to a squeeze, with his average purchase price hitting $0.0001268 and an overall cost of $0.0001110353 per token. Despite the volatility, the recent price surge has brought him closer to recovering his initial investment.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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