According to Odaily, a cryptocurrency whale has reportedly spent 17,966 SOL, equivalent to nearly $3 million, to purchase 953,177 WIF tokens at an average price of $3.13 each in the past five hours. This significant purchase has resulted in a roughly 7% increase in the price of WIF.
Previously, on May 21, the same whale had spent 1 million USDC to buy 355,417 WIF tokens at a price of $2.81 each. The following day, the whale sold 1.09 million USDC at an average price of $3.07, making a profit of $90,000.
These transactions highlight the influence that large-scale buyers, often referred to as 'whales', can have on the cryptocurrency market. Their substantial purchases can significantly impact the price of a particular cryptocurrency, as seen in this case with WIF.