The largest whale of the Solana (SOL)-based meme coin once again deepened the price drop by making sales.
According to the data transferred by the on-chain analysis platform Lookonchain, the biggest BOME whale took action to sell again. According to the data, the whale sold 250 million BOME worth $2.72 million on March 18th.
On March 17th, the same whale sold 190 million BOME for 19,646 SOL worth $3.66 million. After all these sales transactions, the whale was left with 992.52 million BOME worth $10.67 million.
The investor in question had invested 421 SOL in the pre-sale of BOME and received 1.43 billion BOME in return. This short-term investment of $72,000 had risen to $30.6 million in just 3 days. However, after the price drops, the profit also melted and dropped to $17.2 million.
First example of Bitcoin effect triggered the drop in BOME!
BOME, which is the first example of the pre-sale frenzy sent to Solana, experienced a decline not only due to whale sales but also due to the downward momentum of Bitcoin. As Bitcoin fell by over 5% in the last 24 hours, no altcoin was unaffected by this.
According to CoinGecko data, BOME, which experienced a 60% drop in the last 24 hours, declined from $0.0216 to $0.0089.
