Date: Wed, Sept 11, 2024, 04:59 AM GMT
The cryptocurrency market has started showing signs of upside momentum, with memecoins like Dogwifhat (WIF) leading the charge. Over the past seven days, WIF has surged by 5.36%, currently trading at $1.58 and boasting a market cap of $1.59 billion.
In a significant development, Lookonchain reported that two whales have accumulated a massive 20.58 million $WIF tokens, valued at $33.35 million, from Binance and Bybit in just two weeks. These whales began their buying spree on August 29, when WIF was trading at its lowest level of $1.40.
These whales began their accumulation spree on August 29, when WIF was trading at its lowest level of $1.40. Their strategic buying at this bottom level appears to have played a role in the recent price surge, signaling strong confidence in the future of Dogwifhat.
Currently, Dogwifhat (WIF) is making a strong attempt to break through its next resistance trendline at $2. This accumulation by large holders could be a sign of increasing confidence in WIF’s potential for further growth.
Disclaimer:
The information provided in this article is for informational purposes only and should not be considered financial or investment advice.