#Share1BNBDaily dogwifhat [WIF], the popular Solana-based meme coin, is poised for upside momentum after consolidating for three weeks.

WIF appears to be gaining support from long-term holders, leading to a breakout from this consolidation zone and signaling possible upward movement in the coming days.

However, this breakout of WIF appeared after exchanges witnessed significant outflow, as reported by on-chain analytics firm Coinglass.

During the consolidation period, exchanges consistently experienced outflows, culminating in a substantial $93.80 million withdrawal from the exchanges.

This outflow suggests that long-term investors have transferred $93.8 million worth of WIF from exchanges to their wallets. The metric indicates a potential buying opportunity, reduces the likelihood of selling pressure, and signals possible upward momentum.$WIF