A wealthy cryptocurrency investor, known as a crypto whale, who has been dabbling in Solana-based memecoins, has become the largest holder of a dog-themed altcoin. Lookonchain, a blockchain tracking firm, first discovered this deep-pocketed individual who has accumulated $4.29 million worth of PUPS, a cartoon animal-themed meme token. Originally created for Bitcoin Ordinals, PUPS also exists on the Solana blockchain. Lookonchain reports that with the whale’s recent purchase of over half a million dollars, they have become the biggest holder of PUPS on Solana. The whale purchased 8,862 PUPS ($512,000) at $58 before the Bitcoin halving and has bought a total of 63,024 PUPS ($4.29 million) with an average buying price of $68. In addition to PUPS, the same whale also owns President Joe Biden-themed Jeo Boden (BODEN) and dog-themed dogwifhat (WIF). Earlier this month, Lookonchain observed Solana whales taking advantage of significant discounts during a market correction. One whale bought sloth-themed Slerf (SLERF) and Pepe the Frog-themed Book of Meme (BOME) from Binance, while another investor loaded up on BODEN using KuCoin. However, four other whales panic-sold their holdings of WIF during the correction, unloading a total of $12.41 million. As always, investors are advised to conduct their own research and exercise caution when investing in high-risk assets like Bitcoin, cryptocurrency, or digital assets.