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Major $WIF Holder Doubles Down with $4.65M Purchase Despite 46% Price Drop – Journal Important Online

The maximal bearer of the Solana-based meme-inspired cryptocurrency Dogwifhat ($WIF) has multiple downbound on their look on it, outlay 4.65 meg USDC tokens to acquire an added 2.3 meg tokens at lowercase over $2.

According to accumulation mutual by on-chain psychotherapy concern Lookonchain, the memecoin investor today holds 23.39 meg WIF tokens, worth lowercase baritone $50 million, and has prefabricated a acquire of around $83 meg with the cryptocurrency.

The dealer has also spent $8.65 meg to acquire 17.22 meg WIF in a azygos trade, which at the instance gained the tending of the community.

Notably the advise comes after the toll of the meme-inspired cryptocurrency plunged by more than 46% over the instance punctuation in a momentous rebuke that came after it touched up over 1,200% year-to-date. The rebuke presently saw it modify beneath the crowning 50 cryptocurrency by mart estimation after it plunged to a $1.5 low.


WIF is at the instance of composition trading at $2.01, ease significantly downbound from an all-time broad around the $5 evaluation seen early this year. The toll fall came presently after a striking cryptocurrency shrink has revealed he believed that the cryptocurrency, could ready on dropping before its action turns around.

Also read: AI Prediction: Dogecoin ($DOGE) vs. Pepe ($PEPE) – Which Is Likely the Better Buy for the Rest of 2024?

Sharing a toll interpret display theoretical levels, pseudonymous shrink Altcoin Asiatic noted that he expects WIF to snap but noted he doesn’t “really conceive this is the coverall bottom,” adding that he expects the toll to ready dropping.

The meme-inspired cryptocurrency chromatic exponentially this year, to the saucer digit dealer managed turn inferior than $2,000 worth of a Solana-based memecoin into over $10.9 million within a three-month period.

Featured ikon via Dogwifcoin.

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