<\/i> Insights<\/a> Solana<\/a> <\/span><\/p>\n Crypto whale bets big on Solana memecoins, snagging $685,000 in gains.<\/p>\n<\/div>\n A crypto whale has placed nearly $6 million across five Solana<\/a>-based memecoins, taking a bold position despite the broader market pullback.<\/p>\n According to on-chain data <\/a>from Lookonchain, the investments were made on May 19 and have already produced roughly $685,000 in unrealized gains.<\/p>\n Lookonchain reported<\/a> that the trader allocated $1.05 million to acquire 2.92 million POPCAT tokens, which have since appreciated to $1.26 million.<\/p>\n Similarly, a $946,000 stake in 381 million MEW has grown to $1.21 million. Another significant position of $898,000 in 67.44 billion BONK<\/a> has also climbed in value to $1.21 million.<\/p>\n However, not all the assets the whale invested in paid off.<\/p>\n Lookonchain noted that the whale recorded slight paper losses on Fartcoin<\/a> and dog-themed WIF. The Fartcoin allocation of $1.47 million has dropped to $1.37 million, while the $1.49 million placed on WIF now sits at $1.4 million.<\/p>\n These assets\u2019 mixed performance comes amid a broader market pullback that has seen Bitcoin<\/a> dive towards $102,000 during the reporting period<\/a>.<\/p>\n Despite the current market lull, the whale\u2019s aggressive buying action illustrates large-scale investors\u2019 ongoing speculative interest in Solana\u2019s memecoin ecosystem.<\/a><\/p>\n![\"bitcoins](\"https:\/\/cryptoslate.com\/wp-content\/themes\/cryptoslate-2020\/imgresize\/timthumb.php?src=https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/05\/solana-whale-memecoins.jpg&w=70&h=37&q=75\")
Crypto whale bets $6 million on Solana memecoins comeback amid market decline<\/span> Oluwapelumi Adejumo \u00b7<\/span> 2 months ago<\/span> <\/span> <\/span> <\/span><\/p>\n![\"bitcoins](\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/05\/GrTQSpyX0AAfOqH.jpg\")