Developers of Solana Ecosystem’s Meme Coin WATER Move Tokens to New Wallets
BlockBeats reports that on June 25, the creators of the Solana ecosystem’s meme coin WATER moved 844 million tokens to 11 additional wallets that hadn’t taken part in the pre-sale. These wallets have already garnered SOL valued at $2.35 million, and they are presently selling WATER. A possible change in the way WATER tokens are distributed across the Solana ecosystem is suggested by the substantial quantity of tokens that have been transferred to new wallets.
The market dynamics of the meme coin may be impacted by the new wallets’ active sales of WATER tokens. The value of the sold tokens when converted to SOL, the Solana blockchain’s native cryptocurrency, sums to $2.35 million USD. This change in the Solana ecosystem highlights how meme currency like WATER are flexible and actively traded. It also draws attention to the possibility that new wallets could change how these coins’ markets operate.
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