Both 「Safety」 and 「BIG DON」 opened trading and quickly surged to a multi-million dollar market cap, with the behind-the-scenes funds buying in through large wallets.

BlockBeats News, January 15th, according to GMGN monitoring, or due to the impact of the BNB Chain's "USD1 Trading Competition," two meme coins with a market value of tens of millions of USD1 pools have recently emerged, as the community generally believes that the winning projects are likely to be listed on top exchanges. This event has attracted a large amount of funds to participate in related token pools. Among them, "AN" and "BIG DON" have performed well, but the source of their buying funds is questionable.

"AN": It started early two days before the event announcement, with a market value once exceeding 30 million U.S. dollars. This morning, it surged again, with a market value currently reported at 45.2 million U.S. dollars and a current price of about $0.045, a 24-hour increase of about 16%. This surge may be due to the whale wallet buying in, as the top 100 addresses hold only 11.1% in total, while the top 100 holdings of meme coins on various chains are generally over 50%.

"BIG DON": It opened today and quickly surged. In about 10 minutes, over 90 suspected associated addresses rushed to buy simultaneously, driving the market value to quickly exceed 34 million U.S. dollars. It is currently reported at 39.9 million U.S. dollars with a current price of about $0.0398. The top 100 addresses hold only 7% in total. It is worth noting that during a slight market value pullback for this coin, multiple suspected associated wallets concentrated their purchases at 6:05（UTC+8）, 7:05（UTC+8）, and 11:00（UTC+8） this morning.

An analyst from X platform pointed out that the operators behind these two major meme coins may be the same entity as the WLFI project. In addition, on-chain data shows that a wallet has been involved in centralized buying after transferring out via CiaoSwap (a batch distribution tool). Some of the BSC chain-associated wallet addresses are:

0xD8b54De07e0eaDc00B760B352AeA59A13d385cbc;

0x6eFFa72a258907399d8DCe258232001A3FA609b9;

BlockBeats reminds users that meme coin trading is highly volatile, largely driven by market sentiment and concept hype, without actual value or use case. Investors should be aware of the risks.