Whales Put Their Hats On
Dogwifhat’s price soared after Roaring Kitty’s comeback, surging to $3.25 and prompting whales to fill their bags. However, the price fluctuations over the past week have made some large investors sell the dog-themed memecoin at a loss.
After WIF’s price dropped over the weekend, a whale 1.7 million tokens at a loss to buy BONK and the Donald Trump-inspired memecoin TREMP, the address initially bought WIF at $2.94 in March and sold it on Sunday at an average of $2.57. Nonetheless, the price drop was seen as an opportunity for other large-scale investors. According to , a whale created a new wallet to buy Dogfight. On Monday, the wallet withdrew 1.83 million USDC from Coinbase to buy the dog-themed token.At the time of the report, the investor had spent 606,000 USDC to buy 227,896 WIF at $2.66. The wallet had 1.22 million USDC left to continue the buying spree. A few hours later, the whale had spent another 400,000 USDC to buy 145,000 more tokens. As of this writing, the address displays a total WIF balance of 472,614, worth around $1.28 million.
Similarly, another whale a new wallet to buy dogwifhat. Per the reports, this whale used SOL to scoop 1 million WIF, worth around $2.53 million, on Sunday. Since then, the address has added more tokens to his bag, currently holding 1.39 million WIF, worth $3.8 million.WIF Ready For A New ATH This Month?
The recent whale activity seemingly fueled the token’s price to soar above $2.7, hovering between $2.7 and $2.73 in the following hours. The surge represents a 10.4% increase in the past 24 hours. Despite the recent performance, the token still registers red numbers in longer timeframes. WIF’s price has decreased by 8.3% and 14.8% in the weekly and bi-weekly timeframes. Moreover, its daily trading volume has seen a significant 21.6% decrease in the past 24 hours.Nonetheless, market watchers consider that this cycle’s dog-themed sensation still has its hat on. Crypto trader Scient identified a bull pennant pattern on WIF’s chart.