A large number of small MEME buying orders appeared on the chain
According to blockchain analyst @ai_9684xtpa, there has been a large number of small MEME buy orders on the chain, with most of them being for 70-80 tokens (about $2). Currently, there are 74,589 MEME holding addresses, and assuming 4 million participating addresses will make up for 69 tokens each, there will be 270 million MEME that need to be transferred or purchased within seven days, worth $7.49 million.
Observing the on-chain data, it has been found that some addresses have started to distribute MEME tokens in bulk, such as address 0xDb9...45616, which spent 0.4 ETH in miner fees three hours ago to distribute 69,000 MEME tokens to 1,000 addresses, at a cost of about $3 per address.
Previously, Memeland announced that it will soon distribute mining rewards and requires each address to hold at least 69 MEME tokens to improve fairness.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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