The largest holder of $WIF, who has already secured over $68 million in profits, is doubling down on their investment, signaling continued confidence in the token’s potential.
In the past three days, this whale investor has made significant moves, depositing 21.9 million $WIF (worth $35.48 million) into Kamino and borrowing 3.24 million $USDC. They then used 2.7 million $USDC of this to purchase an additional 1.8 million $WIF tokens.
Whale Makes Continuous Purchase Of $WIF Token
This isn’t the first time the whale has executed a strategic buy. From December 13 to December 15, 2023, they spent $226,000 to acquire 19.86 million $WIF at just $0.0114 per token. Shortly after, they registered the domain “binance-insider.sol” and made a bold move, spending 86,738 $SOL (equivalent to $8.92 million) to purchase 17.23 million $WIF in a single transaction.
The largest holder of $WIF, with over $68M in profit, is buying more and going long on $WIF!
In the past 3 days, he deposited 21.9M $WIF($35.48M) into #Kamino and borrowed 3.24M $USDC, then spent 2.7M $USDC to buy ~1.8M $WIF!
This whale spent $226K to buy 19.86M $WIF at only… pic.twitter.com/4iXzJPlT8s
— Lookonchain (@lookonchain) August 23, 2024
Currently, this whale holds 27.2 million $WIF, valued at approximately $44.36 million, with a total profit exceeding $68 million. Despite $WIF experiencing a 37% decline over the past month, the token is still up by an impressive 856% year-to-date and ranks among the top 50 cryptocurrencies.
This whale’s continued accumulation of $WIF, even after securing substantial profits, suggests a strong belief in the token’s long-term potential. As $WIF remains a prominent player in the crypto market, this investor’s actions will likely influence the token’s trajectory and attract further attention from the broader crypto community.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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