WIF Whale Makes Massive Purchase of 643K Tokens for $1 Million USDC

IconCryptoNewsTerminal Staff29 Aug, 2024

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WIF Whale Makes Massive Purchase of 643K Tokens for $1 Million USDC

The largest Doggywoofhat (WIF) whale has recently made a significant purchase of 643K WIF tokens, worth approximately $1 million USDC. According to blockchain analysis firm Lookonchain, the whale borrowed 1.4 million USDC from automated liquidity management protocol Camino to facilitate this transaction. The average price per WIF token was approximately $1.55. This purchase adds to the whale's already substantial WIF holdings, which now total 28.66 million WIF, valued at around $44.13 million. The whale's actions indicate a strong belief in the long-term potential of the WIF token. WIF has been gaining traction in the cryptocurrency market as a meme coin with a loyal and engaged community. Its growing popularity is likely to attract further investment and attention in the future.

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