Date: Sun, August 25, 2024, 03:36 AM GMT
The cryptocurrency market is heating up this week, with Memecoins leading the charge. Among them, Dogwifhat ($WIF) is stealing the spotlight with a staggering 34.52% price surge over the past seven days.
What’s even more impressive is the activity of the largest $WIF holder, who’s making headlines with bold moves and massive profits. According to a recent tweet by Lookonchain, this whale, already sitting on a $77 million profit, is doubling down on $WIF and buying even more.
In a recent purchase, the whale spent 1.54 million USDC to buy 800,556 $WIF at $1.92 per token, further solidifying their position. This brings their total holdings to an eye-popping 28 million $WIF, valued at $53.23 million.
But that’s not all. Earlier this week, this investor made waves by depositing 21.9 million $WIF, worth $35.48 million, into Kamino, a popular DeFi platform. They then borrowed 3.24 million USDC against this deposit and used a portion of those funds to buy an additional 1.8 million $WIF for 2.7 million USDC.
The whale’s continued confidence in $WIF, even after such significant gains, is fueling speculation that this rally could have more room to run. As they keep buying, the market is watching closely, wondering just how high $WIF can go.
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