According to BlockBeats, on May 7th, on-chain analyst Ai Yi (@ai_9684xtpa) reported that the second-ranked address on the Ethereum Meme coin (Sato) list is now "hanging at the peak." This address bought $480,000 worth of Sato at an average price of $1.4304 over the past 11 hours, coinciding with a high price level, making it the address with the highest purchase amount in the past 24 hours. Currently, it is experiencing a floating loss of $276,000.
He withdrew 1.23 million USDC from Hyperliquid 23 hours ago, and currently his wallet still has 750,000 USDC unused. Sato is his only meme holding and has not reduced his holdings.
BlockBeats reminds users that Meme coins have few real-world use cases, their prices fluctuate greatly, and investment should be approached with caution.
