Whale Purchases 953,177 $WIF with 17,966 $SOL, Leading to a Price Spike:
Recently, a whale has bought a significant amount of $WIF tokens to increase its price. As per Lookonchain, a famous on-chain analytics platform, the whale utilizes SOLANA tokens to purchase the $WIF tokens while aiming at raising the price.
A whale spent 17,966 $SOL($2.98M) to buy 953,177 $WIF at $3.13 in the past 5 hours, causing the price of $WIF to increase by ~7%.
This whale previously spent 1M $USDC to buy 355,417 $WIF at $2.81 on May 21 and then sold it at $3.07 for 1.09M $USDC on May 22, making $90K.