Dogwifhat’s Biggest Investor Keeps Buying While Others Sell

The largest holder of Dogwifhat (WIF) is increasing its stake while other whales are selling, according to data from the chain.

According to Lookonchain data, this crypto whale has accumulated over 23 million WIF after purchasing an additional 2.3 million tokens.

The largest holder of $WIF spent 4.65M $USDC to buy 2.3M $WIF at $2.03 8 hours ago!

He currently holds 23.39M $WIF($49.6M), with a profit of ~$83M on $WIF!

He is also the one who spent 86,738.1 $SOL($8.65M) to buy 17.22M $WIF in one trade.

Address:https://t.co/5fd4VETnts… pic.twitter.com/EHbdZVBHl9

— Lookonchain (@lookonchain) June 26, 2024

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 $83 million profit on WIF.

Previously, the same person had spent 86,738 SOL (about $8.65 million) to buy 17.22 million WIF in one transaction.
WIF is currently trading at $2, marking a decline of nearly 3% over the past 24 hours.

Meanwhile, another WIF whale that has suffered significant losses has also started buying more. That whale lost $4.63 million on WIF and recently spent $3.77 million to buy more tokens for $2.06 million after its price rose.

The move brought its average purchase price to $1.83, highlighting a pattern of selling low and buying high.