Dogwifhat (WIF) Whale Doubles Down: $68 Million Profit Still Bullish

Friday, 23 August 2024, 13:30

Dogwifhat (WIF) whale doubles down, registering $68 million in profits. This dominant holder remains bullish on the Solana meme coin despite market shifts.
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Dogwifhat (WIF) Whale Doubles Down: $68 Million Profit Still Bullish

Dogwifhat Whale Secures $68 Million Profit

The largest Dogwifhat (WIF) whale is displaying confidence, having accrued impressive profits amounting to $68 million. This whale's actions demonstrate a strong bullish stance on this Solana meme coin. Reports highlight that this key player has been increasing holdings and taking long positions even with the rise of Tron meme coins, potentially eclipsing other contenders.

Top Whale WIF Transactions

On-chain analysis from Lookonchain unveils that the leading Dogwifhat (WIF) whale has been quite active in the market. Just this week, they deposited approximately 21.9 million WIF tokens into Kamino Finance, valued at around $35.48 million. They then borrowed 3.24 million USDC, a stablecoin by Circle.

Strategic Moves on Kamino Finance

The whale's strategy includes purchasing around 1.8 million WIF by spending 2.7 million USDC. This significant activity is occurring on Kamino Finance, a comprehensive Solana DeFi protocol renowned for its innovative approach to lending, liquidity, and leverage.

Recent Acquisitions

Between December 13 and 15, this Dogwifhat whale invested $226,000 to acquire nearly 19.86 million WIF tokens, averaging about $0.0114 each. The growing optimism surrounding these investments highlights the whale's commitment amidst fluctuating market dynamics.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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