A big crypto investor, known as a 'whale', has recently significantly influenced the market of the $WIF token, demonstrating confidence in its future.
Major Investments in $WIF
Famous analytics company Lookonchain revealed that the memecoin whale invested an additional $35M in the $WIF token after gaining a profit of $68M. The details were provided through the platform's official social media channels.
Recent Actions of the Investor
In its latest X post, Lookonchain mentioned that the whale holds the largest amount of $WIF. Beyond the already gained $68M profit, the whale significantly increased its position in recent days. They deposited up to 21.9M $WIF tokens into the Kamino platform, valued at $35.48M. Post deposit, the whale borrowed almost 3.24M $USDC against the $WIF holdings and utilized 2.7M $USDC to buy an additional 1.8M $WIF tokens, fortifying their long-term commitment to the crypto.
History of Investing in $WIF
The whale's engagement with $WIF tokens began in mid-December last year when they spent $226,000 to acquire 19.86M $WIF tokens at $0.0114 each. This occurred between December 13th and 15th. The whale registered a domain 'binance-insider.sol' and spent 86,738 $SOL (equivalent to $8.92M) to purchase another 17.23M $WIF. According to Lookonchain, the whale now holds 27.2M $WIF tokens (approximately $44.36M) in total.
The whale's investment activities have a significant impact on the $WIF token market, and their recent actions indicate a strong confidence in the long-term potential of the cryptocurrency.
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