• Whale accumulates $18.57M in memecoins on Solana, triggering market volatility trends.
• WIF sees price drop by 10.45%, but volume surges 63.40%, signaling active trading.
• MICHI shows slight recovery with a 1.06% gain, backed by rising trading volume.

A crypto whale identified as “DWhUa” has made headlines with a massive $18.57 million investment in Solana-based memecoins. The purchase included $13.3 million in $WIF, $3.82 million in $POPCAT, $980,000 in $FWOG, and $470,000 in $MICHI. All tokens were transferred to a newly created wallet, “D2Noa,” sparking speculation about potential price movements and market trends.

WIF Faces Decline Despite Volume Surge

$WIF, the largest holding, has already seen a 10.45% drop to $1.85 in the last 24 hours despite a sharp 24-hour trading volume surge of 63.40%. This potentially indicates active trading or potential sell-offs. Incidentally, the token peaked at $2.065 before experiencing consistent downward momentum.

Support levels at $1.80 and $1.70 could provide a safety net for prices. Conversely, resistance levels at $1.90 and $2.00 may challenge recovery attempts. Notably, the high volume-to-market cap ratio of 28.05% underscores the token’s volatile trading environment.

POPCAT: Sharp Decline with Increased Trading Activity

$POPCAT currently trades at $0.6669, showing a significant 16.84% daily decline. After peaking at $0.802, the token faced sharp downward pressure. Trading volume increased by 20.64%, suggesting heightened market activity.

Immediate support levels are at $0.65 and $0.60, while resistance is seen at $0.70 and $0.75. The token’s entire circulating supply amplifies price sensitivity, making it vulnerable to further fluctuations.

FWOG Sees Moderate Losses With Rising Volume

$FWOG’s price is $0.2285, down 4.63% over the last 24 hours. Early session gains were erased by consistent downward pressure. Trading volume surged by 68.59%, indicating increased activity. 

Support levels at $0.22 and $0.21 could prevent further declines, while resistance at $0.24 and $0.25 may limit upward momentum. A volume-to-market cap ratio of 20.93% reflects moderate trading intensity.

MICHI Recovers Slightly Amid Mixed Trends

$MICHI experienced a 1.06% gain, with its price at $0.1232. The token recovered from intraday lows of $0.111, supported by a 15.41% rise in trading volume. 

Key support levels at $0.115 and $0.111 highlight potential stability, while resistance at $0.1239 and $0.126 indicates bullish hurdles. The token’s circulating supply enhances liquidity, making it responsive to market movements.