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.
[adinserter block="1"]“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 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 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.
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