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On-Chain Insights: Meme Coins, GALA, and Arbitrum Alts
Osgur Murphy O Kane
Key Takeaways
2 min read
  • Smart Money continues to accumulate Arbitrum alts.
  • There was a high number of large transactions of MONG and PEPE. Meme coins continue to be actively traded, with a number of wallets still making large bets.
  • A number of large purchases of GALA, who announced a $600m token burn earlier today.


  • MONG is a meme coin that relates to the MONGS NFT collection which was created in Jan 2022 and includes 6,943 NFTs of mongoose. NFT holders will receive MONG rewards. Holders of these NFTs will receive rewards in the form of the MONG coin. It has experienced very high volatility and is up 42% today (but down 60% from its ATH).
  • 🤓 goingparabolic.eth purchased $115k in the past 24 hours. The wallet sold out its position 4 days ago but is now back in the market.
  • Nansen / CoinGecko / Website


  • 9 large purchases of GALA ($50k minimum). GALA...