Solana Whale Known for Buying Meme Coins Before Major Price Rallies Has Built a Massive Position in This Token in the Last Three Days
Whales have been quietly accumulating $HUMP since its launch just days ago, suggesting they see similar potential to earlier SOL memecoin successes like $WIF and $BONK. This suggests $HUMP could experience another significant price surge soon.
Solana Remarkable Comeback
Battered by the FTX incident in 2022, Solana has staged a remarkable resurgence since early 2024. Its market capitalization has exploded by a staggering 10x, reaching a robust $80 billion. Daily transactions have mirrored this growth, skyrocketing to surpass the $4 billion mark. This surge in activity propels Solana back into the top 6 of the cryptocurrency market, showcasing its resilience and potential. Analysts attribute this comeback to a confluence of factors, including increased adoption of memecoin and DeFi applications built on Solana, the successful launch of several new projects on the network, and growing investor confidence in Solanas ability to overcome past challenges.
Massive Memecoin Surge
One of the key factors behind Solanas recent resurgence is the unexpected return to the popularity of meme coins. Several new meme tokens, like $HUMP, $WIF, and $BOME, have launched primarily on the Solana network. This memecoin trend defined earlier expectations. Previously, most considered meme coins a fad with no long-term potential. However, this assumption has been shattered by their recent surge. Proof lies in the impressive price increases $HUMP has skyrocketed 20x since launch, and $BOME has seen a staggering 15x gain since the beginning of 2024. This unexpected massive surge suggests that meme coins still have a place in the crypto market.
Whales Make a Stealthy Move
Following the success of some leading SOL meme coins like $BONK and $WIF, whales are now setting their sights on $HUMP, a new player in the market. Whispers of their involvement began discreetly, we can see some high-value purchases (some even exceeding $20,000) on Dextools shortly after its launch, preparing for the next massive rally. Whales are drawn to $HUMPs potential for long-term growth, not just fleeting popularity. They see echoes of the success achieved by some top SOL namecoins earlier, suggesting $HUMP offers unique innovations that could propel it to similar heights within the market.
$HUMP: Making Waves In The Market
$HUMP distinguishes itself from other memecoins by prioritizing long-term growth and real applications over short-lived trends. This focus is reflected in its innovative token mechanism, designed to minimize slippage and ensure fair, accessible trading for all investors.This approach fosters a truly decentralized financial (DeFi) ecosystem, lowering barriers to entry and encouraging wider participation. Unlike memecoins chasing fleeting popularity, $HUMP is committed to sustainable development. With a well-defined concept and clear goals, the project aspires to become the next top SOL meme coin, with the potential to expand beyond. $HUMP seeks to transcend its meme status by making a meaningful contribution to the broader crypto landscape. This is achieved by integrating real utility into its functionalities, with potential applications in DeFi or other sectors. This project is also backed by the passionate community within the Solana network. These dedicated supporters actively promote token adoption and contribute to project development. $HUMP development team also prioritizes transparency, openly sharing project updates and decisions with the community. This will create trust within the user base and cultivate a collaborative environment for continued progress.
How to Get $HUMP Tokens: Step-by-Step Guide
$HUMP leverages the Solana blockchain for its operations. There are a total of 6.9 billion tokens available. Heres a quick guide on how to buy some $HUMP tokens:
Get a wallet: Download the free Phantom app (or another compatible wallet) from the app store/Google Play Store (mobile) or install the Chrome extension (desktop) from Phantom.app
Head to a DEX (Decentralized Exchange): Open Dextools, Raydium.io, or Jupiter in your browser (Chrome is recommended for Phantom users).
Connect your wallet: Open and connect your Phantom wallet to the chosen DEX platform. Then, copy and paste the HUMP token address into the swap interface on Raydium or Jupiter.
Swap SOL for HUMP: Choose SOL as your trade currency and then enter the amount of HUMP you want to buy. Since there are no buy/sell taxes, you dont need to worry about slippage. However, during periods of high volatility, you might need to adjust the slippage settings.
Confirm and sign: Confirm the trade details, after that sign the transaction with your preferred wallet when prompted.
Click here to Buy Hump Token (HUMP):
- Website: https://hump.io/
- Twitter: https://x.com/Humptoken
- Telegram: https://t.me/humptoken
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
