Behind the huge profit of the largest holder of WIF: What signal does the buying action reveal?
According to the latest data from Lookonchain, the largest holder of WIF has recently made a profit of more than $68 million and continues to increase investment in WIF. Here are the key details:
Huge deposits
In the past three days, this investor has deposited 21.9 million WIFs to the Kamino platform, worth about $35.48 million, showing long-term bullish expectations for WIF.
Fund borrowing and holdings
He also borrowed $2.61 million USDC and bought about $1.8 million of WIF at $1.5 per coin, further demonstrating his strong confidence in the rise in WIF prices.
Bullish signal
Large purchases by the largest holder are generally regarded as bullish signals in the market, which may attract other investors to follow up, thereby driving up WIF prices.
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