The latest leader in the memecoin mania on Solana is Moonpig. Within a day, the token has zoomed up 150%, moving it to the top of the network’s trending charts and snagging a ton of attention from traders, influencers, and smart money folks.
Behind the scenes, investor James Wynn and a handful of new wallets have been making some really calculated moves that have been adding momentum and building buzz around the project.
The reserves wallet of Moonpig, which is intended only for the development of the project, presently contains in excess of 17 million MOONPIG tokens with a current estimated value of some $1.5 million. The wallet has thus far received just over $500,000 in direct investment, and already appears to be profitable to the tune of more than $900,000 in unrealized returns. This is a clear and almost absurd statement of the rapid growth and renewed investor confidence surrounding this project.
Strategic Accumulation Sparks Momentum
Moonpig seems to be positioned for a rise due to well-timed acquisitions made over the past week. Between May 14 and 15, a wallet associated with James Wynn accumulated 3 million MOONPIG tokens at an average price of $0.026 per token, giving these latest purchases an approximate value of $78,000. These purchases were not made with fresh capital. Wynn converted a position in another memecoin, Titcoin, into a position in Moonpig. This looks like a strategic pivot, hinted at by the language of the news release.
On May 20, the wallet made a larger move. It withdrew from Binance 2,750 SOL—around $440,000 worth—and used those funds to buy 14.3 million more Moonpig tokens at an average price of $0.029. Then, all of these tokens were transferred to the Moonpig reserves wallet, which is a significant increase to the development holdings of the project.
In total, the two acquisitions correspond to over 17 million tokens now held in reserves. The current holdings are appraised at a market value that is well above the average cost basis of the assets. This gives the entities holding the assets plenty of room to profit if the upward price trend continues.
Fresh MOONPIG Whale Activity Adds Fuel to the Fire
Although the groundwork may have been laid by James Wynn’s strategic buying, today’s price explosion seems to be coming from a new wave of buyers. In the last 24 hours, genned-up wallets—mostly from Binance and Bybit—have collectively spent almost $282,000 on Moonpig. On-chain analysts recognize these wallets as smart money because they consistently trade profitably and time their trades well.
#MOONPIG Edition
Fresh wallets loaded up $281.98K worth of @moonpigmeme all in the last 24 hours.
🔥 Funded from Binance and Bybit
👀 Looks like smart money is circling…Are they early, or do they know something we don’t? https://t.co/OycbtZ1SGa
— Stalkchain (@StalkHQ) May 22, 2025
Their enthusiasm for Moonpig has ramped things up, enhancing not just the liquidity but also the visibility of the business. When you consider the timing and size of the purchases, this looks very much like a vote of confidence in the Moonpig business’s trajectory over the next few months. Some traders, however, suspect that there might be a little more to this story – as in, fuller and more coordinated interest in Moonpig among these apparent buyers – than immediate and apparent votes of confidence usually come with.
Moonpig is now in the center of attention on Solana’s blockchain, heading up many trending lists and providing great fodder for discussions across crypto social media. Close watchers of the blockchain are maintaining an intense focus on the pressure being exerted for and against the Moonpig price. Is the pressure upward, meaning more traders want to buy Moonpigs? Or are things turning around, and pressure is being exerted downward, meaning some Moonpig holders might be offering them up for sale?
A High-Risk, High-Reward Narrative Emerges
As it is, Moonpig has given huge paybacks to initial backers and is looking more and more like something that broader audiences might be interested in. With just the reserves wallet up more than $900,000 on paper, the project has already shown that it can pull in both serious and unserious types of money. But with tokens that are jokes and that can only achieve value through a kind of mass delusion, extreme volatility is never far away. And the next moves of the Moonpig whales will be very important in deciding just how much Moonpig’s value increases or decreases.
The message is unmistakable: Moonpig is being amassed by James Wynn, who has put $500,000 into it in total. The token is now not just upward bound but skyrocketing, up 150% in one day. And Moonpig’s rise is also being fueled by more smart money, with an extra almost $282,000 now freshly committed over the past 24 hours. Not to be outdone by its peers, Moonpig is now front and center in the Solana memecoin scene. But will it stay there?
At present, Moonpig is one of the network’s most sought-after tokens. Its future is uncertain; it could become a long-standing success or a momentary flash in the pan. The outcome is to be determined.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
No Comments