Whale Swap: $2.5M in WIF Exchanged for Solana Memecoin MUMU

• A whale swap of $2.5M in DogWifHat for Solana memecoin MUMU has driven MUMUs market cap to $820.43 million.
• DogWifHats recent 28% weekly surge has attracted attention with potential predictions of $10 by the end of 2024.
• MUMUs price has increased by 21.45% in the last 24 hours, with a trading volume of $85,098.22.

Degen News took to X platform to report that a substantial transaction has occurred in the crypto market where a whale swapped approximately $2.5 million worth of DogWifHat (WIF) for Solana memecoin MUMU. This exchange has propelled MUMU to a market cap of $820.43 million.

NEW: SOMEONE SWAPPED ~$2.5M WORTH OF $WIF (@dogwifcoin) FOR SOLANA MEMECOIN $MUMU (@mumu_bull) – SENDING IT TO $820.43M MARKET CAP

— DEGEN NEWS (@DegenerateNews) July 25, 2024

MUMUs Recent Price Surge

MUMU has seen a 21.45% increase in the last 24 hours. The market cap and circulating supply details are currently unavailable. However, the maximum supply is set at 1 quadrillion MUMU coins.

On the other hand, DogWifHat (WIF) is trading at $2.46, experiencing a 7.28% decrease in the last 24 hours. Its 24-hour trading volume is $508,559,083, and its market cap stands at $2,459,895,136. The circulating supply of WIF is 998,845,693 coins.

Additionally, a recent YouTube video discusses the recent surge in DogWifHat‘s price. The video highlights DogWifHat’s rise by nearly 28% over the week, with the current trading price at $2.46. The video predicts a potential price jump to $10 by the end of 2024.

Cryptocurrency Market Overview

The crypto market is volatile currently, with Bitcoin at $64,825.90 and Ethereum trading at $3,143.46. DogWifHat is one of the top 17 traded cryptocurrencies, with a market cap of $2.6 billion. The video also mentions a pre-sale opportunity for Play Doge, a related token with play-to-earn features and staking rewards up to 82%.

Furthermore, DogWifHat has gained notable attention due to its price predictions and strong weekly gains. It holds one of the strongest positions among the top 25 tokens. The token is being considered a contender to outperform PEPE coin. DogWifHats official Twitter account has nearly 100,000 followers and has received notable attention from rapper Lil Pump.

Elon Musk‘s Mention and DogWifHat’s Market Impact

Moreover, the token, created in 2018, leverages the NFT market and the DeFi world. Elon Musks involvement has also been a crucial factor in its journey. During a recent live stream, Musk mentioned DogWifHat, sparking increased investor interest and bullish sentiment.