In one of the most talked about tokens of the recent period in the memecoin market, the biggest whale continues to make repurchases in an interesting way.
According to Onchain data, the top whale of the memecoin dogwifhat (WIF) purchased 800,556 WIF worth $1.54 million at the average price of $1.92.
Currently, this whale has 28 million WIF worth $53.23 million, and with its sales, its total profit to date has exceeded $77 million.
Cryptocurrency whales that own a significant portion of an altcoin’s supply are usually talked about by selling, not buying, which is why this whale’s purchase of WIF is particularly notable.
WIF was one of the biggest stars of the Solana-based memecoin boom. At the time of writing, WIF is the fourth largest memecoin in the world, behind Dogecoin, Shiba Inu, and PEPE, and has a total market cap of $472 million.
WIF has staged an impressive 30% rally in the last week.
*This is not investment advice.
