WHY Token Gains Traction on BSCThe BNB price hit an all-time high today, stirring significant interest in the BNB Smart Chain (BSC) ecosystem. Among the notable activities, Lookonchain observed a surge in transactions involving the memecoin WHY.SourcE: DexscreenerOver the past 24 hours, five wallets withdrew 779 BNB ($534K) from Binance to purchase 14.92T WHY, even as some traders cashed out their profits. The $BNB price hit an all-time high today!We noticed that some wallets are buying #MEMEcoin $WHY on #BSC.5 wallets withdrew 779 $BNB($534K) from #Binance to buy 14.92T $WHY($1.3M currently) in the past 24 hours.0x2eb6 spent 150 $BNB($103K) to buy 3.75T $WHY.… pic.twitter.com/772W1H7yz3— Lookonchain (@lookonchain) June 5, 2024 Specifically, three smart money addresses labeled by Nansen also have made substantial inflows into WHY. Who are they and is it worth the hype? 1. [0x886ac639]Source: DeBankWallet Address: 0x886ac639f1a78c2d8f36fc21131a404a18344944Entry Date: June 4Purchases: 4,047,692,963,025 WHYInvestment: 280.1379 BNB (~$185,042)Average Purchase Price: $0.0000000457Current Price: $0.0000001365Profit: 298%Sales: NoneThis wallet is no stranger to success, having previously achieved significant returns on Base memecoins with a win rate of 33.33% and a total ROI of 12,947.90%. Notable trades include:mfer: up 242,970%DEGEN: up 91.549%GLOOM: up 274.68% 2. “High Balance”Source: DeBankWallet Address: 0xBb8ae2B85CaD6DD635EBa8fCaC045408458A79E3Entry Date: June 5Purchases: 1,407,611,984,212.8 WHYInvestment: 220.3041 BNB (~$143,980)Average Purchase Price: $0.0000001023Current Price: $0.0000001365Profit: 131%Sales: NoneThis wallet has had mixed results, with limited success on Base and a better track record on Ethereum memecoins. Significant trades include:BROTHER: -31.75% ROImfer: -8.26% unrealized lossPE: 159.79% ROI (on Ethereum), profiting $12,101 on a $59,064 investment (20.49% ROI).Source: CandleStick 3. “High Activity”Wallet Address: 0x22c0827098186ac53556c97ea24682b78fc73ba1Entry Date: June 5Purchases: 1,313,161,140,485.7 WHYInvestment: 136 BNB (~$83,890)Average Purchase Price: $0.0000000639Current Price: $0.0000001365Profit: 210%Sales: NoneThis wallet, primarily active on BSC, has struggled with consistent losses over the past month. Recent trades since early April include:X314: Spent 6 BNB for 4,723.2792 X314, then sold all for 4.2206 BNB (ROI -30%) -> lost 1.78 BNB M314: Spent 5 BNB for 102,468.4226 M314, then sold all for 0.838 BNB (ROI -83%) -> lost 4.162 BNBSource: DeBank Conclusion: Should You Buy WHY?Seeing smart money pour into WHY can be tempting. Wallets with a proven track record of massive gains, like 0x886, certainly add credibility to the coin. However, it’s crucial to remember that past performance is not a guarantee of future results. Wallet 0xBb8 has had mixed success, and 0x22c’s recent losses serve as a cautionary tale.While the current price pump and smart money involvement are promising, always conduct your own research and assess your risk tolerance before investing. Crypto markets are highly volatile, and it’s essential to invest only what you can afford to lose.Data from this article was collected from: Dexscreener, Nansen, Arkham Intelligence, Cielo Finance, DeBank, DexCheck, and CandleStick.Disclaimer: This report is for informational purposes only and should not be considered financial advice. Always consult with a financial advisor before making any investment decisions.This article has been refined and enhanced by ChatGPT.