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Date: Tue, August 27, 2024, 03:51 AM GMT
In the world of memecoins, big moves by cryptocurrency whales often signal something significant. Today, Dogwifhat $WIF has once again caught the attention of one such whale, who has just made a substantial transaction, stirring up interest in the market.

Source Lookonchain X
After a month of inactivity, this whale made a strong comeback by depositing 700,000 WIF, worth approximately $1.25 million, into marginfi as reported by Lookonchain. But that wasn’t the end of it. Soon after, they borrowed 197,000 USDC and used it to purchase an additional 110,000 WIF tokens. Now, this whale is holding a massive total of 3.3 million WIF, valued at around $5.94 million.
This isn’t the first time a whale has made waves in the Dogwifhat market recently. On August 25, the biggest holder of Dogwifhat, who already raked in $77 million in profits, made headlines. This investor bought 800,556 WIF tokens, spending a whopping 1.54 million USDC. At $1.92 per token, this buy brought their total holdings to a staggering 28 million WIF.
These major moves by whales have put Dogwifhat firmly in the spotlight, with investors closely watching how the market responds. As WIF continues to be a favorite among big players, it’s clear that this memecoin isn’t going away anytime soon. Will these whales' actions lead to further price surges? Only time will tell.
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