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HIPPO, one of the popular meme coins of the recent period in the Sui (SUI) ecosystem, continues to attract the attention of big whales. According to on-chain data provided by Lookonchain, a whale withdrew 114,680 SUI worth $200,000 from the Binance exchange on October 7 and purchased 12 million HIPPO with these assets. The average cost of the whale was recorded as $0.01662.
HIPPO was launched on September 27 and quickly gained the attention of investors by gaining 4,496% increase. The intense interest in this meme coin has gained momentum, especially with the effect of increasing user activity and transaction volumes on the Sui network in recent weeks.
The story behind this popularity of HIPPO is that it was inspired by the cute hippo Moo Deng, who was born in Khao Kheow Open Air Zoo in Thailand and went viral in the online world. This meme coin on the Sui network has managed to attract users and investors, increasing the activity in the ecosystem.
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In addition, the general rise of the Sui ecosystem is also remarkable. The recent increase in user interest and the diversity of projects on the network have caused Sui to break the TVL (Total Value Locked) record and create great hype in the ecosystem. The success of projects such as HIPPO in particular has contributed to the rapid increase in transaction volumes on the Sui network. These developments have once again shown that Sui has become a rising force in the crypto world and its user base is expanding.
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