CandleFocus Whale dumps 850K Dogwifhat tokens after 55% surge: what’s next for WIF price?
2024-11-15
Author: Content Editor
Dogwifhat (WIF) has experienced significant gains during the current bull cycle, with its market cap soaring to $120 billion. However, a large investor recently sold 850,000 WIF coins for $3.4 million worth of Solana (SOL) tokens, sparking speculation about the future of the meme token. Despite this sell-off, the investor still holds 50,000 WIF coins, indicating confidence in the token's performance. The investor also made significant profits in Peanut the Squirrel (PNUT) and has dabbled in other altcoins. Following the whale dump, WIF's price has dropped nearly 10% to $3.70, and its daily trading volume has plummeted by 60%. However, the token still shows some stability and potential for rebounds. The crypto space also anticipates an upcoming altcoin season.
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