WIF’s $1M buy boosts whale’s profit to $65.6M amid a 3.98% price drop.
FLOKI’s 17.7% drop follows a major wallet reactivation before the decline.
POPCAT’s price recovery shows EMA support, with resistance at $0.75 and $0.80.
Major price swings emerged in the crypto market recently, with Dogwifhat (WIF), FLOKI, and POPCAT (POPCAT) experiencing significant movements.
Lookonchain data reveals a noteworthy event involving the largest WIF holder, who recently borrowed $1.4 million USDC from Kamino. The individual used $1 million of this to acquire 643,832 $WIF at $1.55 per token. This strategic purchase now brings their total holding to 28.66 million $WIF, valued at approximately $44.13 million. Remarkably, their profit on $WIF stands around $65.6 million, highlighting a substantial gain in this volatile market.
The largest holder of $WIF borrowed 1.4M $USDC from #Kamino and spent 1M $USDC to buy 643,832 $WIF at $1.55 again 6 hours ago.
The whale currently holds 28.66M $WIF($44.13M), and the profit on $WIF is ~$65.6M!https://t.co/jtJhdjDnQm pic.twitter.com/RdzC8vRxbt
— Lookonchain (@lookonchain) August 30, 2024
The current price of $WIF is $1.53, which…
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