A wallet tracked by Lookonchain spent $1.22 million over the past month to accumulate 30.65 million MEME, making it the token’s largest holder, according to a ChainCatcher newsflash citing on-chain monitoring data. The position is currently showing a loss of $708,000, equal to 58%, based on the figures provided in the report. Despite the drawdown, the wallet was still buying MEME 10 hours ago. The update points to continued accumulation by the address even while the position remains deeply underwater. No additional identity details for the wallet were disclosed in the source report.
According to a ChainCatcher newsflash citing Lookonchain monitoring, one wallet spent $1.22 million over the past month to buy 30.65 million MEME and has become the largest holder of the token.
The wallet is currently sitting on a $708,000 loss, or 58%. Lookonchain’s data also showed that the address was still buying 10 hours ago.
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