The drop in the price of Solana-based meme coins, which have seen a recent surge, due to the Israeli-Iranian tensions was seen as a purchase opportunity by some whales. According to on-chain data tracking platform Lookonchain, two “Solana whales” started aggressively collecting SLERF, BOME and BODEN coins.

On whale with drew 32,000 SOLs worth $4.5 million from the Kucoin exchange and bought $300,000 worth of BODEN at $0.59. Another whale withdrew $2.5 million in SOLs from Binance and used some of them to buy $650,000 in BOME and $1.1 million in SLERF.

Some whales are in panic

These two whales were seen buying heavily, while others panicked at the declines. Again according to Lookonchain, 4 whales made heavy sales of WIF, the largest meme coin of the Solana network. The whales in total sold 12.4 million units of WIF. It was also noteworthy that the sales were from the lows seen in the declines.

9WHHoq wallet at $7.3 million at $2.35,

BdvbXr wallet from $1.9 to $2 million,

85Abtu wallet at $2.08 to $1.88 million,

and DpJGh2 wallet sold $1.3 million worth of WIF at $1.97.

WIF, which recovered quickly yesterday, rose above $3. The meme token, which fell to $2.7 with the drop this morning, is still priced above the value that these 4 whales sold.