With the US stablecoin bill passed...whales on a meme coin buying spree

The US stablecoin bill, the GENIUS Act, was officially enacted on the 18th with President Donald Trump's signature, driving up demand for meme coins. As legal uncertainty regarding virtual assets (cryptocurrencies) has been resolved, investment in risk assets appears to be increasing.

According to BeInCrypto on the 21st (local time), there has been a recent influx of large-scale capital into meme coins, infrastructure, and theme-based tokens. Among these, whale buying has been particularly concentrated in Floki (FLOKI), Book of Meme (BOME), and Lido (LDO).

For Floki, whale wallet holdings increased by 4.63% over the past week, totaling 27,240,000,000 coins. Approximately $176,000 worth was newly acquired, and holdings for the top 100 addresses also saw a slight increase. Exchange reserves fell by about 1.3%. Floki surged about 10% from the previous day, surpassing the $0.00015 level.

For Book of Meme, whale holdings jumped 31% over the same period, reaching 1,460,000,000 coins, equivalent to roughly $3,530,000. Exchange holdings fell by 0.11%, indicating that selling pressure is easing. The price also climbed, recording approximately $0.0024.

For Lido, whale holdings rose 40.38% this week to 18,680,000 coins, totaling about $23,170,000. During the same period, exchange holdings declined by 4.27%, while the top 100 wallets' share increased by 0.53%. Lido currently trades at $1.21 on Binance.