As 2024 continues to be a strong “year of meme coins,” big whales are no longer shy about investing their millions of dollars in tokens that communities are after.

According to information provided by Lookonchain, a whale that was seen opening a new wallet bought $5.5 million worth of Solana on the Binance exchange and spent it on 3 meme coins. In fact, the whale bought many coins, but spent very small amounts on the rest except for the 3 tokens.

The whale spent $3.4 million on GOAT, $2 million on GIGA, and $460,000 on FWOG, the most talked-about meme coins of recent days. Other tokens were spent in amounts ranging from $10 to less.

As is known, GOAT, which was released on the Solana blockchain about 10 days ago, has entered the radar of traders, and some influencers have stated that they bought this meme token. The profits made in thousands of times also attracted the attention of the meme coin community.