Largest dogwifhat (WIF) Holder Accumulates More Coins While Other Memecoin Whales Capitulate: Lookonchain

The largest dogwifhat (WIF) holder is adding more to his holdings while other memecoin whales are selling off, according to on-chain data.

Blockchain tracking firm Lookonchain reports that the top dogwifhat holder has more than 23 million WIF after suddenly buying 2.3 million additional tokens.

“The largest holder of WIF spent 4.65 million USDC to buy 2.3 million WIF at $2.03 [June 25th]! He currently holds 23.39 million WIF ($49.6 million), with a profit of ~$83 million on WIF! He is also the one who spent 86,738.1 SOL ($8.65 million) to buy 17.22 million WIF in one trade.”

WIF is trading for $2 at time of writing, down nearly 3% in the last 24 hours.

Meanwhile, another WIF whale who had racked up massive losses trading the memecoin just bought more, according to Lookonchain.

“This whale, who lost $4.63 million on WIF, spent 3.77 million USDT to buy 2.06 million WIF back after the WIF price rose. His average buying price is $1.83, selling at a low price and then buying at a higher price.”

Next up, Lookonchain reports that a whale just sold off 700 billion Pepe (PEPE) tokens.

“PEPE whale capitulated and deposited 700 billion PEPE ($7.8 million) into Binance [June 24th]. He currently has 800 billion PEPE ($9.23 million) left, with a total loss of ~$3.5 million.”

Pepe is trading for $0.00001254 at time of writing, down nearly 2% in the last 24 hours.

Lastly, Lookonchain notes that a whale just made massive profits selling off his Shiba Inu (SHIB) holdings.

“A whale deposited all 1.08 trillion SHIB ($18.4 million) to Binance [June 24th], making a profit of ~$8.3 million! This whale withdrew 1.08 trillion SHIB (cost ~$10.07 million) from Binance on November 24th, December 4th and December 22nd, 2023. He has an unrealized profit of $29 million at the peak of SHIB!”

SHIB is trading for $0.00001733 at time of writing, down 3.5% in the last 24 hours.

Generated Image: Midjourney