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The largest whale in the altcoin space is back on a buying spree. In one of the most talked-about tokens in the recent memecoin surge, the top whale has resumed purchasing in a rather intriguing manner.

Onchain data reveals that the leading whale in the dogwifhat (WIF) memecoin has acquired 779k WIF tokens, valued at $1.49 million, at an average price of $2.02 per token. This brings the whale’s total holdings to 31 million WIF, worth approximately $56.51 million. To date, this whale has earned over $81 million in profits from selling WIF.

It's worth noting that cryptocurrency whales, who control a significant portion of an altcoin’s supply, are usually in the spotlight for selling rather than buying, which makes this whale's latest $WIF purchase particularly noteworthy.

WIF was one of the standout stars during the Solana-based memecoin explosion. Currently, WIF ranks as the fourth-largest memecoin globally, trailing only Dogecoin, $SHIB Inu, and $PEPE , with a total market capitalization of $511 million. Over the past week, WIF has surged by an impressive 30%.

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