Major Crypto Whale Increases Holdings in Dogwifhat (WIF)

According to on-chain data, the largest non-exchange holder of the Solana-based memecoin Dogwifhat (WIF) continues to build up its holdings.

The blockchain analytics firm Lookonchain revealed that a Solana address starting with “mmEAfW” has recently acquired several hundred thousand WIF tokens.

The holder spent 1.54 million USDC to purchase 800,556 WIF at a price of $1.92 per token. This address now holds 28 million WIF, valued at $53.23 million, with total profits from the investment exceeding $77 million.

Lookonchain previously shared details of this whale’s accumulation strategy. The holder aggressively bought WIF during a market surge in March, sold off some assets for profit in April and May, and is now gradually accumulating again.

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Additionally, another significant whale was spotted moving a large amount of Bitcoin (BTC) to Binance, likely for selling purposes. Lookonchain noted that this investor made millions in profit after holding BTC for several months.

The whale transferred 590 BTC, worth $38 million, to Binance after the price increased, earning over $15 million in profit. The BTC had been purchased earlier at an average price of $38,472 during three separate transactions in late 2023 and early 2024.

Alexander Stefanov