Dogwifhat Whale Bags $16M WIF, Price To Gain 20% Ahead?

Solana meme coin Dogwifhat (WIF) garnered substantial optimism on Monday as a smart money was recorded accumulating nearly $16 million worth of tokens from Binance.

A Solana meme coin, Dogwifhat (WIF), has sparked optimism among traders after a smart money entity was observed accumulating nearly $16 million in tokens from Binance.

On Monday, the price of the meme token surged as a smart whale's Binance activity came to light, indicating their interest in the token's future movements. Notably, this entity's previous trade strategies have garnered attention for generating substantial profits.

According to data from Lookonchain, the smart whale address D2Noa accumulated 6.9 million WIF, valued at $15.87 million, from Binance. Interestingly, this whale had earlier acquired $15 million in WIF, which was later sold to generate a profit of $8 million.

Now, their latest accumulation has traders speculating on the possibility of another bullish wave for the meme token.

Meanwhile, Scan data reveals that the smart trader's holdings are primarily concentrated in the dogwifhat token, with other small-cap tokens present in minimal quantities.

At the time of writing, the meme token trades up nearly 4% with bullish sentiment from traders over the recent accumulation.

The above is the detailed content of Dogwifhat Whale Bags $16M WIF, Price To Gain 20% Ahead?. For more information, please follow other related articles on the PHP Chinese website!