Solana Meme Coin Maneki Surges 45%

Solana meme coin Maneki (MANEKI), surged by nearly 45% today, hitting an all-time high since its launch this week.

The value of Maneki (MANEKI), a recently introduced Solana meme coin, experienced a remarkable increase of almost 45% during the course of today. Furthermore, it has reached an all-time high for the first time since its inception earlier this week.

Furthermore, the meme coin has been the subject of significant whale behavior, particularly from investors in the Solana (SOL) cryptocurrency.

Solana Meme Coin Maneki Whale Transaction Update

Lookonchain, a blockchain tracking platform, advises investors who are currently holding MANEKI or contemplating purchasing it to take note of seven wallets that are displaying noteworthy activity.

These wallets, which may or may not be connected to one another, sold 3,388 SOL, which is equivalent to around $525,000, in order to obtain a staggering 3.99 billion MANEKI. Within just one minute of MANEKI’s appearance on the internet, this represents an astounding 44.9% of the total supply.

It is interesting to note that after that, they distributed this enormous cache to roughly one hundred new wallets without selling any of it. Furthermore, the sudden increase in the price of the Solana meme coin has valued the investment at approximately $88 million.

The odd movement of these wallets adds an additional layer of mystery to the rapidly developing trajectory of MANEKI. Nevertheless, the fact that such a transaction took place within a minute of the debut raises worries about the possibility of an insider trading case.

This could potentially lead to a pump-and-dump scenario, where the initial surge in the Solana meme currency’s value will gradually give way to a higher decline over time. An example of this type of situation arises when individuals with insider knowledge invest in a specific item for an unlimited period of time and then sell it all at once during a peak.

On Thursday, April 25, the price of the cryptocurrency Maneki had increased by 46.76% to $0.02157 at the time of publication. In addition, it is important to point out that the spike occurs in the midst of a general bearish trend in the market.

At the time of writing, the market valuation of the Solana meme currency was $191.91 million.vAnother noteworthy fact is the recorded transaction volume of $85.08 million in the past twenty-four hours. Additionally, various cryptocurrency exchanges worldwide have now listed the Solana meme coin.

The most recent addition to this list of exchange listings is MEXC Global, which follows in the footsteps of LBank, Gate.io and Poloniex. The Maneki team revealed their airdrop marketing some time prior to the product’s release. We chose to distribute 10% of MANEKI’s total supply, 8.88 billion, through the community airdrop.

However, some participants failed to receive the promised airdrop tokens. As a result, the team responded to their concerns and announced that they were still processing the airdrop awards.