According to cryptocurrency onchain data, a giant cryptocurrency whale purchased a large amount of a memecoin while the market was in a major bullish wave.
The data shows that the giant whale purchased 6.9 million dogwifhats (WIF) worth $15.87 million via cryptocurrency exchange Binance.
This crypto whale had previously purchased $15.05 million worth of WIF between August 30 and September 2 at an average price of $1.53, and then sold those tokens for a total of $23.06 million at an average price of $2.35 on September 29. The profit during that period was around $8 million.
WIF price is trading at $2.43 at the time of writing.
WIF is one of Solana’s largest memecoins and also one of the most recognized tokens in the general memecoin market, at a time when the Solana ecosystem is creating a wave of excitement with its memecoins. It ranks fourth among the largest memecoins in the world.
*This is not investment advice.