【Dogwifhat whale accumulation surges; WIF price breakthrough is coming? 】
Dogwifhat (WIF), the dog-themed meme cryptocurrency, has recently received attention from the global crypto market. Whales accumulated large amounts of the token, and market sentiment became increasingly optimistic. On-chain data shows that two whale accounts bought a total of 20.58 million WIF in the past two weeks, worth approximately $33.35 million. These transactions came from Binance and Bybit, showing the confidence of large investors in the coin.
Despite the general weakness in the market, analysts believe an upward trend is likely in Q4. CoinGape Media predicts that WIF price could increase by 20%, which is consistent with the trend of increasing whale accumulation.
Currently, WIF price is at $1.56, down 7% in the past 24 hours, with intraday trading volume down 38.10%. Derivatives trading volumes fell by 24.68%, with open interest falling by 8.5% to $211.6 million. Nonetheless, analyst Muro said that the token’s price chart shows bullish signs and the long-term outlook remains positive, with investors continuing to pay attention to its future trends.
