Solana Meme Coin Maneki Rallies 45%, Secures Major Exchange Listings
Highlights
- The Maneki crypto price soared over 46% today amid the bearish sentiment in the market.
- This comes amid massive whale activity noticed for Maneki wherein more than 44% of the meme coin's supply was scooped up.
- The Solana meme coin also achieved several crypto exchange listings, including Gate.io and MEXC Global.
Maneki (MANEKI), a newly launched Solana meme coin, saw an astonishing surge of more than 45% today. Moreover, it hit a fresh all-time high since its launch earlier this week. In addition, the meme coin has witnessed major whale activity, particularly from Solana (SOL) investors.
Solana Meme Coin Maneki Whale Transaction Update
According to Lookonchain, a blockchain tracking Avenue, investors holding MANEKI or considering buying it should take note of seven wallets exhibiting notable activity. These wallets, potentially linked to each other, dumped 3,388 SOL (approximately $525K) to acquire a whopping 3.99 billion MANEKI. This constitutes a whopping 44.9% of the total supply, within just one minute of MANEKI’s online debut.
Interestingly, they then dispersed this massive stash to nearly 100 new wallets without offloading any. Moreover, the current valuation of the investment is around $88 million, owing to the rapid surge in Solana meme coin’s price. The peculiar movement of these wallets adds intrigue to MANEKI’s rapidly evolving trajectory.
However, such a transaction within just a minute of launch does spark concerns of an insider trading case. This could lead to a pump-and-dump scenario wherein the initial surge in the Solana meme coin value could eventually convert to a higher dump. Such a situation occurs when people of inside knowledge invest in a particular asset indefinitely and offload it at once during a peak.
Also Read: Solana Price Forecast As Meme Coins Surge, Will SOL Hit $200 Soon?
Maneki Price Soars Over 45%
At press time, the Maneki crypto price rallied 46.76% to $0.02157 on Thursday, April 25. Furthermore, it’s worth noting that the surge comes amid an overall bearish turn in the market. Whilst, the Solana meme coin held a market valuation of $191.91 million.
In addition, it clocked a trade volume of $85.08 million in the last 24 hours. Moreover, the Solana meme coin has achieved major crypto exchange listings. These exchange listings include LBank, Gate.io, and Poloniex with the latest one being MEXC Global.
Prior to the launch, the Maneki team unveiled their airdrop campaign. Out of the 8.88 billion total supply of MANEKI, 10% was allocated to the community airdrop. However, several participants didn’t acquire the airdrop tokens as promised. Hence, tbe team addressed their queries and announced that they are still processing the airdrop rewards.
Also Read: Dog-Themed Memecoins Lose Steam as Rivals Surge
- Breaking: Bitcoin Hits New ATH Above $125k as ‘Uptober’ Kicks Off in Full Force
- 99.3% of Bitcoin Supply in Profit, Analyst Warns of Short-Term Correction
- Pro-Crypto Mike Selig Emerges As CFTC Chair Frontrunner, Gains Ripple CLO’s Endorsement
- ‘Every Crypto ETF You Can Imagine’: Expert Predicts Flurry of Filings After REX-Osprey’s 21 Applications
- Robinhood Lists Strategy’s Bitcoin-Backed Stocks, Boosting Saylor’s BTC Credit Model
- FLOKI Price Prediction as ETP Listing Drives Adoption—Is a 160% Rally Ahead?
- BNB Coin Price Hits ATH as Derivatives Activity Soars—Is $1,520 the Next Stop?
- Aster Price Eyes $3 After Channel Breakout as Open Interest Surges to $1.37B
- Will XRP Price Hit $5 if the SEC Approves ETFs This Month?
- Bitcoin Price Hits $120K Ahead of Q4 — Can Citigroup’s Forecast Hold Up?
- Pi Network Price at Risk of Another Crash as Mysterious Whale Stops Buying
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
