A newly created wallet identified as BmKrss has made a large purchase of STONK, the platform token of Solana-based token issuance platform StonkFun, according to on-chain tracking data from Lookonchain cited by BlockBeats on Sept. 11. The wallet first withdrew 22,686 SOL from Binance, valued at about $2.25 million. It has since spent 17,106 SOL, worth roughly $1.7 million, to buy 5.41 million STONK. Separately, data from GMGN showed that STONK’s market capitalization rose past $280 million on the day, setting a fresh record high. The report did not provide further details on the wallet owner’s identity.
BlockBeats reported on Sept. 11 that a whale has been aggressively buying STONK, the platform token of Solana token issuance platform StonkFun, according to monitoring by Lookonchain.
On-chain data showed that a newly created wallet, BmKrss, withdrew 22,686 SOL from Binance, valued at $2.25 million. The wallet has already spent 17,106 SOL, or about $1.7 million, to purchase 5.41 million STONK.
Separately, GMGN data showed that STONK’s market capitalization surpassed $280 million on the day, reaching a new all-time high.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
