Lookonchain
A wallet created just one day ago spent 752,723 USDC to buy 10.2 million $MEME at $0.074 two hours ago. The position is now showing a $388,000 unrealized profit, while the wallet's age makes the size of the entry especially notable.
Why it matters
The trade combines a large initial outlay with a newly created wallet and a highly concentrated position. That makes the buyer's conviction the key on-chain signal, not just the size of the paper gain.
Market impact
The $388,000 profit is unrealized, so it can change quickly if the wallet sells or $MEME reverses. Traders will be watching whether the address holds its 10.2 million tokens, adds to the position, or realizes the gain. For now, the transaction is a strong vote of confidence in $MEME, but not proof of a lasting trend.
Source: [DeBank | Your go-to portfolio tracker for Ethereum and EVM](https://debank.com/profile/0x24c2d13f3b807e1a276ec6d79a6b3f5b4b773963)
Frequently asked questions
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How old was the wallet when it bought $MEME?
The wallet was created just one day ago when it made the purchase.
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How much USDC did the wallet spend on the MEME purchase?
It spent 752,723 USDC.
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What entry price did the wallet pay for MEME?
The wallet bought 10.2 million MEME at $0.074.
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Is the reported $388K profit realized?
No. The $388,000 figure is an unrealized profit, so it remains on paper until the position is sold.
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What makes this transaction a notable whale signal?
The trade combines a newly created wallet, a 752,723 USDC outlay and a concentrated 10.2 million MEME position. Its size and timing are the main signal, not proof of a lasting trend.
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