The price of $SLERF has skyrocketed by 60% in the last 24 hours, following Wintermute’s withdrawal from the OKX exchange yesterday. The sudden surge has attracted attention from major investors, with two significant whales building substantial positions in the token on-chain today. Whale Activity Breakdown: 1. BazingaHappy’s Strategic Move: Just 40 minutes ago, a prominent investor known as @bazingahappy withdrew 6,007 SOL (valued at $1.32 million) from Binance. Of this, they allocated 4,642 SOL—approximately $1.02 million—to purchase 2.35 million SLERF tokens at an average cost of $0.4325 per token. This bold acquisition highlights confidence in the coin’s ongoing momentum. 2.
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]]>In the past 20 hours, Wintermute has withdrawn $940,000 worth of $SLERF tokens from OKX. However, this may not signify a new development. Evidence suggests that Wintermute has been serving as a market maker for $SLERF since at least eight months ago, when the token was at its peak. Beyond the recent withdrawal, an additional $30,000 in $SLERF tokens was transferred from the address MfDuW…MGVWa, which is strongly linked to Wintermute. Several factors reinforce this connection: 1. Token Overlap: The memecoin holdings of this address, including MOODENG, BONK, ACT, and PONKE, align closely with Wintermute’s known portfolio. 2. Frequent Fund
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