In the past week, the memecoin $MEME has been on the upswing, experiencing a 14% gain over the course of seven days. Today, the momentum continues with a further 6% increase in price.
Amidst this positive trend, the market maker address associated with $MEME, identified as 0xF0C…BC871, has taken action to capitalize on the rising price.
This address recently recharged 22 million $MEME tokens to Binance, amounting to approximately $920,000 US dollars.
九小时前， $MEME 做市地址 0xF0C…BC871 向 #Binance 充值 2200 万枚 MEME ，价值 92 万美金
该地址仍持有 2.73 亿枚代币，价值 1156 万美金；MEME 过去 24 小时上涨 14%，现价 $0.04197📈
钱包地址 https://t.co/AiYiczmQhg ；本条推特由 #Bitget 赞助 https://t.co/UbaD5VdYwi pic.twitter.com/uemVYncpZ7
— Ai 姨 (@ai_9684xtpa) April 11, 2024
Despite the transfer, the market maker address still holds a significant amount of $MEME tokens, totaling 273 million tokens, which are currently valued at $11.56 million.
This suggests a continued bullish outlook for $MEME, as evidenced by the market maker’s decision to maintain a sizable position in the token.
$MEME Price Action To Monitor
As of the latest data, $MEME has risen by an additional 6% in the past 24 hours, reaching a price of $0.04055. This upward movement signals continued investor interest and confidence in the token’s potential for growth.
Overall, the recent performance of $MEME underscores the resilience and popularity of memecoins within the cryptocurrency market.
With ongoing fluctuations in price and renewed attention from traders and investors, $MEME remains a dynamic asset to watch in the evolving landscape of memecoins and decentralized finance.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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