This significant purchase of WIF during uncertain market conditions has garnered attention. The investor, known as a whale, has made notable profits amounting to over $8 million so far by trading WIF tokens. This investor has bought WIF multiple times at different price levels, selling them at higher prices each time. This recent investment has led to speculation about potential growth in the WIF token.

At present, the WIF token is trading around $3.2, with a recent increase of over 11% in the last 24 hours. Looking at the token's performance over longer periods, WIF has witnessed a price surge exceeding 14% in the past 7 days. However, within the last 30 days, due to market uncertainties, WIF's price dropped by over 7%.

According to technical analysis, WIF appears bullish in a 4-hour time frame, trading above the 200 EMA. If WIF manages to close above $3.4 on a daily basis, there is a potential for it to reach $4.8. The $3.38 level is a strong resistance area that could pose a challenge, but if market sentiment remains positive, WIF might break through and experience significant growth.

In addition to WIF, many top meme coins are currently showing bullish behavior and have recorded price increases in the last 24 hours. Coins like DOGE, SHIB, BOME, and PEPE have seen price surges of 2.5%, 2%, 8%, and 2.5% respectively. Major cryptocurrencies such as Bitcoin, Ethereum, and Solana have also experienced upward movements in their prices.