HomeNewsWhale Moves 1.83M USDC to Buy WIF: What’s Next?

Whale Moves 1.83M USDC to Buy WIF: What’s Next?

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  • Whale buys 227,896 WIF by paying 606.000 USDC on Coinbase.
  • The value of WIF has risen by 3.28 percent in the last 24 hours and fallen by 8.78 percent in the last week.

An investment of a significant amount by a whale in WIF indicates trust in this cryptocurrency. Lookingonchain tweeted recently that the whale opened a new wallet and took 1.83 million USDC out of Coinbase to buy the Dogwifhat token.

By the most recent update, the whale has spent 606,000 USDC to buy 227,896 WIF at a cost of $2.66 per token. The ongoing purchase, which has 1.22 million USDC remaining, demonstrates the whale’s deliberate and strategic approach to building the meme token.

Whale WIF
Source: Lookonchain

Market Performance of WIF as of Right Now

CoinMarketCap data indicate that the current value of WIF is about $2.67, positive market mood is indicated by the 3.28% rise in the last 24 hours. It is noteworthy, however, that during the last seven days, WIF has dropped by 8.78%, underscoring the erratic character of the cryptocurrency market.

ETHNews previously reported that the meme coin would see substantial price gains, maybe even exceeding $10. This upbeat prediction fits with the whale’s most recent investment and implies that big investors believe WIF has significant growth potential.

More General Market Context: Another Memecoin

Apart from WIF, there have been noteworthy advancements in the larger cryptocurrency market, especially with reference to memecoins.

Popular memecoin PEPE Coin has drawn notice lately for its expanding community and quick price swings. Memecoins like PEPE have shown in recent times to see significant price spikes fueled by speculative trading and social media excitement.

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Syofri is an active forex and crypto trader who has been diligently writing the latest news related to the digital asset sector for the past six years. He enjoys maintaining a balance between investing, playing music, and observing how the world evolves. Business Email: info@ethnews.com Phone: +49 160 92211628