dogwifhat, the largest non-exchange holder of the Solana (SOL)-based meme coin, continues to accumulate WIF, according to on-chain data.
According to blockchain tracking firm Lookonchain, hundreds of thousands of WIF have been accumulated in recent days in Solana addresses beginning with “mmEAfW.”
“The largest holder of WIF spent 1.54 million USDC to buy 800,556 WIF again at $1.92!
This whale currently holds 28 million WIF ($53.23 million) and has a WIF profit of over $77 million!”
Last week, Lookonchain shared a chart showing the buying process of whales who bought aggressively during the March rally, liquidated profits in April and May, and are now slowly buying back in.
At the time of writing, WIF is trading at $1.86.
Lookonchain too Discovered Over the weekend, another major investor deposited a large amount of Bitcoin (BTC) into Binance, the world’s largest cryptocurrency exchange, presumably to sell it on the open market.
According to blockchain trackers, the whale made millions of dollars in profits after holding onto the BTC for several months.
“After the BTC price rally, a whale deposited 590 BTC ($38M) on Binance and sold it, making over $15M!”
The whale purchased 590 BTC ($22.7 million) from Binance on October 20, 2023, February 21, 2024, and April 16, 2024 at an average price of $38,472.
address:
18Txv4w4J31Un1gHBnxd6mPdNrkMaSvrJJ”
At the time of writing, Bitcoin is trading at $64,145.
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