Solana Meme Coin SLERF Price Noted a Staggering 56% Uptick on Saturday, Gaining Massive Attention From Investors

Notably, recent reports indicate that the meme coin whales and market makers are shifting their focus towards the crypto, which may have contributed to the recent gains.

Solana meme coin SLERF price noted a staggering 56% uptick on Saturday, gaining massive attention from investors. Notably, recent reports indicate that the meme coin whales and market makers are shifting their focus towards the crypto, which may have contributed to the recent gains.

Besides, the soaring trading volume and other on-chain metrics also indicate further rally ahead for the asset.

SLERF Price Rallies Amid Soaring Buying Pressure

According to recent market trends, the top Solana meme coins appear to have witnessed considerably increased buying pressure in the market. In light of this, market maker Wintermute purchased $940,000 worth of SLERF from the Asian crypto exchange OKX a few days ago, as indicated by Arkham data. This massive buying pressure with the purchase helped the token to take a bullish trajectory over the past few days. Moreover, two whales were noted to be making massive accumulations, adding to the investor optimism regarding the asset.

As per on-chain data, the whale address 3.15 spent 4642 SOL to bag 2.35 million SLERF, worth $1.02 million, at an average cost of $0.4325. Furthermore, the address AkxGU…wfyqW spent 1.03 million USDC to buy 2.52 million coins, at the price of $0.4103. Overall, the abovementioned whale data highlighted heightened market interest in the asset, paving a bullish path for the Solana meme coin’s future movements.

The Solana Meme Coin Rockets 60%

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