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HomeNewsSolana-Powered Altcoin Skyrockets 900%+ in One Month: Top Trader Eyes Massive Move,...

Solana-Powered Altcoin Skyrockets 900%+ in One Month: Top Trader Eyes Massive Move, Reveals Targets

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  • Dogwifhat (WIF) anticipates a 44% increase, showing 994% growth since February, boosting the Solana ecosystem.
  • Pepe (PEPE) records a 780% rise in one month, indicating upside potential with no signs of impulsive decline.

Solana (SOL) is witnessing great interest among traders, thanks to the performance of memecoins, in particular, dogwifhat (WIF) and Pepe (PEPE). One cryptocurrency analyst, known as Bluntz, has commented on the growth of these memecoin, predicting a future in earnings and, by extension, earnings in turn for Solana.

Dogwifhat (WIF), after experiencing a V-shaped recovery on its hourly chart, has captured the interest of Bluntz and his 244,400 followers .

This move suggests a possible uptrend, supported by Elliott Wave theory, which indicates the end of a correction with the completion of a three-wave pattern.

At the time of writing, WIF is trading at $2.08, which represents an impressive 994% increase from its value of $0.190 on February 7. According to Bluntz, WIF could see as much as  a44% increase in value in the next phase of the rally, potentially reaching between $2.50 and $3.

WIF and the Whales

Data from on-chain analysis by Lookonchain indicates that developers could have missed out on potential earnings totaling more than $693 million during the recent price spike.

Lookonchain reports reveal that the developer exchanged 350 million WIF tokens for 511 SOL (equivalent to $29,000) merely two days post-trading commencement. Presently, these tokens are valued at over $693 million in the market.

Remarkably, the developer has chosen to keep some tokens in a wallet without immediately liquidating them. Furthermore, there was a reported transaction where 489,674 WIF tokens were acquired for 2 SOL ($110), followed by the sale of 12.4 million WIF tokens for 896,000 USDC.

Source: X/@Bluntz_Capital

In parallel, Bluntz has also put the spotlight on Pepe (PEPE), another memecoin that has seen spectacular growth in the last month, up approximately 780%. Unlike WIF, PEPE has yet to show signs of an impulsive decline, which Bluntz says indicates that it could still reach new highs.

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Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: info@ethnews.com Phone: +49 160 92211628
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