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Solana Memecoins

Hey everyone,

I have been tracking multiple whale wallets and noticed the same wallets buying similar coins with 100 holders, but without Liquidity, literally 0. So the chart is flat and price doesn’t move.

But I see whales buying $300 to $1000 worth of these coins every few seconds. Daily volume $350k.

What’s the deal with that? Why do they do that? Are they accumulating before adding liquidity?

I wanted to experiment and bought one if the coins for $20, of course you can’t sell it yet, as there’s no liquidity.

But why would they do that? I assume they are going to accumulate then when the project is ready for the public, they’re going to add liquidity and after the buyers come in, they will sell at a 10x, 100x, 1000x, etc. Am I assuming correctly?

submitted by /u/HombreDelSol
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