A Dogwifhat (WIF) whale has conducted a significant transaction by transferring 1.2 million WIF tokens, valued at $3.47 million, to the Coinbase exchange. The whale had purchased the tokens 11 months ago for $393,000, resulting in a profit of $3,077,000. While some consider the whale's transaction profitable, others believe it could drive down WIF prices in an already volatile market. On-chain figures indicate bearish sentiment among WIF traders, with market volume decreasing by 42.52%. Despite a recent price rebound, WIF is still trading below the critical $3 mark. The future price trajectory of the meme coin remains uncertain.



Other News from Today