Both 「Safety」 and 「BIG DON」 saw an opening spike to a market value of tens of millions, with the underlying funds buying in through whale wallets.
BlockBeats News, January 15th, according to GMGN monitoring, shown to have spawned two meme coins with a market value of tens of millions of USD1 pools recently, possibly due to the impact of the BNB Chain's "USD1 Trading Competition." The community generally believes that the winning projects are expected to land on a top exchange. This event has attracted a large amount of funds to enter related token pools. Among them, "An" and "BIG DON" have performed well, but the source of buying funds is questionable.
"An": It was launched two days before the event announcement, and its market value once exceeded 30 million USD. This morning, it surged again, with a current market value of 45.2 million USD and a price of about $0.045. The 24-hour increase is about 16%. This may be because the whale wallets bought in a decentralized manner, with the top hundred addresses holding only 11.1% in total, while the overall top hundred holdings of meme coins on various chains are generally over 50%.
"BIG DON": It opened today and quickly surged. In about 10 minutes, it attracted over 90 seemingly related addresses to buy simultaneously, driving the market value to quickly exceed 34 million USD. It is currently at 39.9 million USD, with a price of about $0.0398. The top hundred addresses hold only 7% in total. It is worth noting that during a slight market value retracement of the coin, several seemingly related wallets continued to buy in bulk at 6:05 AM, 7:05 AM, and 11:00 AM this morning.
Analysts from X platform pointed out that the operators behind these two meme coins may belong to the same institution that previously operated the WLFI project. In addition, on-chain data shows that there are cases of wallets concentrating purchases after transferring out via CiaoSwap (a batch distribution tool). Some of the BSC chain-related wallet addresses are:
0xD8b54De07e0eaDc00B760B352AeA59A13d385cbc;
0x6eFFa72a258907399d8DCe258232001A3FA609b9;
There are currently many meme coins with the same name in the market. The highest liquidity token contract addresses are:
"An": 0x126976da699d5ad0815eb134286fc6ca53e04444
"BIG DON": 0x71429f2e1e243b451b939a2af2b69fa646064444
BlockBeats reminds users that meme coin trading is highly volatile, mostly relying on market sentiment and speculative hype, with no actual value or use case. Investors should be aware of the risks.
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