ME News reports that, as of October 6 (UTC+8), Lookonchain monitoring shows a trader has been consistently buying MEME over the past month, accumulating approximately 30.65 million MEME tokens at a total cost of about $1.22 million, making them the largest holder of MEME. The trader is currently experiencing an unrealized loss of approximately $708,000, representing a 58% decline. Despite this significant unrealized loss, the trader has continued purchasing MEME, with additional buys occurring just 10 hours ago. (Source: BlockBeats)
Trader Spends $1.22M on MEME Tokens, Suffers $708K Loss
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Summary
A trader has spent $1.22 million over the past month to purchase 30.65 million MEME tokens, becoming the largest holder. On-chain data shows a $708,000 unrealized loss as of October 6, 2026, reflecting a 58% decline in value. The trader continues to accumulate MEME, with the most recent purchase occurring 10 hours before this report. MEME remains among the altcoins to watch due to its high volatility and active on-chain activity.
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