---
title: "Whales Are Ditching PEPE And Accumulating BONK, SHIB"
url: https://diffcoin.com/whales-are-ditching-pepe-and-accumulating-bonk-shib/
description: "As the memecoin market takes off, whales are not just taking profits - they're buying again and Solana-based tokens are their favorite."
published: 2024-03-01
updated: 2024-03-01
author: "Mila"
site: "Diffcoin"
---

# Whales Are Ditching PEPE And Accumulating BONK, SHIB

A crypto whale has scored a significant profit of over $2.9 million by strategically investing in the meme-inspired cryptocurrency BONK, according to Lookonchain, a popular on-chain data tracker.

The ентитъ acquired 98 billion BONK tokens, valued at more than $1.5 million, from Binance just before the token’s price surged by over 50% in a single day.

> Today the price of [$BONK](https://twitter.com/search?q=%24BONK&src=ctag&ref_src=twsrc%5Etfw) has increased by more than 50%!
> 
> A SmartMoney accumulated 98B [$BONK](https://twitter.com/search?q=%24BONK&src=ctag&ref_src=twsrc%5Etfw)($1.54M) from [#Binance](https://twitter.com/hashtag/Binance?src=hash&ref_src=twsrc%5Etfw) again before the price increased.
> 
> He currently holds 319.44B [$BONK](https://twitter.com/search?q=%24BONK&src=ctag&ref_src=twsrc%5Etfw)($7M), with a profit of $2.9M. [pic.twitter.com/TXYw2H07yz](https://t.co/TXYw2H07yz)
> 
> — Lookonchain (@lookonchain) [February 29, 2024](https://twitter.com/lookonchain/status/1763142948840186352?ref_src=twsrc%5Etfw)

At press time, the whale holds 319.44 BONK tokens, amounting to over $7 million, with unrealized profits of approximately $2.9 million.

BONK is trading at $0.00002295, up 6% from yesterday and 90% this week.

## BONK, PEPE, & WIF Lead The Altcoin Market

The meme coin market has seen a significant shift from $27.2 billion to $32 billion this week, a notable increase that underpins the crypto market frenzy. One of the main drivers behind the upswing is PEPE, which witnessed a massive 180% surge weekly.

Lookonchain also reported how another whale capitalized on the PEPE hype by selling off their holding of 1.97 trillion PEPE tokens, valued at $6.07 million, generating a profit of $3.49 million. The whale then bought SHIB and, curiously, metaverse coins like MANA and SAND.

> A smart whale changed his position from [$PEPE](https://twitter.com/search?q=%24PEPE&src=ctag&ref_src=twsrc%5Etfw) to [$SHIB](https://twitter.com/search?q=%24SHIB&src=ctag&ref_src=twsrc%5Etfw), [$MANA](https://twitter.com/search?q=%24MANA&src=ctag&ref_src=twsrc%5Etfw), [$SAND](https://twitter.com/search?q=%24SAND&src=ctag&ref_src=twsrc%5Etfw), and [$GALA](https://twitter.com/search?q=%24GALA&src=ctag&ref_src=twsrc%5Etfw).
> 
> The whale sold all 1.97T [$PEPE](https://twitter.com/search?q=%24PEPE&src=ctag&ref_src=twsrc%5Etfw)($6.07M) and made a profit of $3.49M.
> 
> Then bought 75.9B [$SHIB](https://twitter.com/search?q=%24SHIB&src=ctag&ref_src=twsrc%5Etfw)($893K), 1.6M [$MANA](https://twitter.com/search?q=%24MANA&src=ctag&ref_src=twsrc%5Etfw)($1.07M), 2.43M [$SAND](https://twitter.com/search?q=%24SAND&src=ctag&ref_src=twsrc%5Etfw)($1.48M) and 36.88M [$GALA](https://twitter.com/search?q=%24GALA&src=ctag&ref_src=twsrc%5Etfw)($1.46M). [pic.twitter.com/PbWGVtOVOZ](https://t.co/PbWGVtOVOZ)
> 
> — Lookonchain (@lookonchain) [March 1, 2024](https://twitter.com/lookonchain/status/1763393410126532931?ref_src=twsrc%5Etfw)

Dogwifhat (WIF) also surged 10% on Thursday, hitting a new all-time high and nearly reaching the $1 target. What’s more impressive than its 10% surge in a day is that WIF has exploded 200% this week, making it one of the hottest Solana-based meme coins next to BONK.

As *CryptoPotato* reported, an individual who initially invested just $310 worth of Solana (SOL) to purchase 2.58 million WIF tokens now holds assets valued at approximately $1.4 million.

The recent surge in price for these popular meme coins generated a lot of FOMO, leading users to place risky bets on certain tokens like WIF or PEPE. Readers should remain cautious when engaging with these types of cryptocurrencies.

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[Source link](https://cryptopotato.com/meme-coins-battle-whales-are-ditching-pepe-and-accumulating-bonk-shib/)