Whale Sells 236M WIF, Triggers 6.2% Price Drop
CryptoNewsTerminal Staff22 May, 2024
Whale Sells 236M WIF, Triggers 6.2% Price Drop
On-chain data analytics provider Lookonchain reports that a whale has sold 23.6 million WIF for 74.4 million USDC in the last two hours. The average price was $3.155, and the transaction caused a 6.2% price drop, from $3.25 to $3.05. This is a significant sale, and it could be a sign that the whale is bearish on WIF. It's also important to note that the sale took place during a time of increased volatility in the crypto market. It remains to be seen whether this sale will have a lasting impact on the price of WIF. However, it's certainly something to watch in the coming days and weeks.
