Blockchain tracker Lookonchain said one address has been buying MEME steadily over the past month, spending a total of $1.22 million to accumulate 30.65 million tokens. The position has made the address the largest holder of MEME, according to the monitoring data. Despite the scale of the accumulation, the wallet is currently sitting on an unrealized loss of $708,000. Lookonchain also said the address was still adding to its position 10 hours ago, showing that the buying activity had not stopped even while the position remained underwater. The update centers on on-chain wallet activity and does not include additional details on the identity behind the address.
According to Lookonchain, one address has been buying MEME continuously over the past month, spending a total of $1.22 million to acquire 30.65 million MEME and becoming the token’s largest holder.
The address is now sitting on an unrealized loss of $708,000. Lookonchain said the wallet was still buying 10 hours ago despite the paper loss.
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