- Major Dogwifhat Deal
- Whale's WIF Profit
- Increase in WIF Token Interest
The largest holder of Dogwifhat (WIF) tokens made a significant transaction, investing 21.9 million tokens worth $35.48 million over three days. This move was part of a broader asset acquisition strategy, involving borrowing 3.24 million USDC and purchasing an additional 1.8 million WIF tokens.
Major Dogwifhat Deal
Over the past few months, the top Dogwifhat holder has been actively acquiring assets, gradually increasing their investments. Between December 13 and 15 last year, the whale purchased 19.86 million WIF tokens at $0.0114, amounting to about $226,000. Additionally, the domain ‘binance-insider.sol’ was registered, and a substantial buy of 17.23 million WIF tokens was made for 86,738 SOL tokens, which was valued at $8.92 million at that time.
Whale's WIF Profit
The largest Dogwifhat token holder, with over $68 million in profit, is increasing their positions in WIF. On August 23, 2024, they acquired another 1.8 million WIF tokens, currently valued at $2.7 million. This follows the deposit of 21.9 million WIF tokens into Kamino and borrowing 3.24 million USDC, of which 2.7 million were used to buy WIF.
Increase in WIF Token Interest
Since July of this year, Solana's memecoin Dogwifhat has seen a 45% decrease in its value. Despite this, open interest in WIF has rebounded as its price rose from $1.50 to $2.50. At the time of writing, WIF's open interest has surged by 2.99% in the last 24 hours. Currently, WIF is trading at $1.62, showing a rise of 0.75% recently, although trading volume has decreased by 30%.
The largest Dogwifhat holder continues to increase their assets, boosting their investments in WIF tokens and optimally using borrowed funds. Despite price fluctuations and trading volume changes, interest in the token remains high.
