After the passage of the US stablecoin bill, whales rush to accumulate meme coins

With the official enactment of the US stablecoin bill, the GENIUS Act, on the 18th after President Donald Trump’s signature, demand for meme coins is also rising. The elimination of legal uncertainties surrounding virtual assets (cryptocurrencies) is seen as leading to increased investment in risk assets.

According to BeInCrypto on the 21st (local time), large capital inflows have recently been observed into meme coins, infrastructure, and theme-based tokens. Most notably, significant whale accumulation has focused on Floki (FLOKI), Book of Meme (BOME), and Lido (LDO).

Floki reported a 4.63% increase in whale wallet holdings over the past week, reaching 27,240,000,000 tokens. About $176,000 in new funds flowed in, and holdings among the top 100 addresses also saw a slight increase. Exchange balances fell by about 1.3%. Floki rose roughly 10% from the previous day, breaking through the $0.00015 level.

Book of Meme saw whale holdings surge by 31% in the same period to 1,460,000,000 tokens, equivalent to about $3.53 million. Exchange holdings also fell by 0.11%, indicating selling pressure has eased. The price has also trended upward, reaching approximately $0.0024.

Lido recorded a 40.38% increase in whale holdings this week to 18,680,000 tokens, worth about $23.17 million. During the same period, exchange holdings fell by 4.27%, and the share of the top 100 wallets increased by 0.53%. Currently, Lido is trading at $1.21 on Binance.