CandleFocus

Whale Spends $4.5M USDC to Buy More WIF at $1.76  Boosts Holdings to $57.4M

Author: Content Editor
The largest holder of WIF, known as Dogwifhat, borrowed 4.5 million USDC from Kamino to purchase 2.55 million WIF tokens at $1.76 per token. This acquisition increases Dogwifhat's already substantial holdings in the WIF market, now totaling 31.2 million WIF valued at $57.4 million. The whale has been steadily accumulating WIF since December 2023, making previous purchases at a low price of $0.0114. Additionally, the whale spent 86,738 SOL to buy 17.23 million WIF tokens in a single transaction. With total profits exceeding $74 million, this whale's influence in the WIF ecosystem is significant and likely to impact short and long-term price dynamics. Other traders and institutional investors may be drawn to the market due to the whale's success, potentially leading to increased interest and further accumulation from smaller investors and institutions. Monitoring large transactions on blockchain explorers is advised to gauge potential price movements.

Related News