The largest investor in Dogwifhat continues to buy while others sell
According to chain data, the largest holder of Dogwifhat (WIF) is increasing its stake as other whales sell.
According to data from Lookonchain, this crypto whale has accumulated over 23 million WIFI , having purchased an additional 2.3 million tokens.
The holder spent $4.65 million to acquire 2.3 million WIF tokens at a price of $2.03 on June 25. He currently owns 23.39 million WIF worth $49.6 million and has made an estimated profit of $83 million from WIF.
Previously, the same person spent 86,738 SOL (about $8.65 million) to buy 17.22 million WIFs in one deal.
READ MORE:
Ethereum ETF Will Raise $15 Billion According to Bitwise DirectorWIF is currently trading at $2, down nearly 3% in the last 24 hours.
Meanwhile, another WIF whale that has suffered significant losses has also started buying more. This whale lost $4.63 million on WIF and recently spent $3.77 million to buy more tokens for $2.06 million after its price went up.
With this move, its average purchase price reached $1.83, highlighting the pattern of selling low and buying high.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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