Dogwifhat (WIF) is a dog-themed cryptocurrency that has experienced a significant price increase in the past 24 hours.
The price of WIF has risen by 22.52% in the past 24 hours, reaching $1.87.
The surge in price can be attributed to increased whale activity.
A whale who previously lost $4.63 million on WIF re-entered the market, spending 3.77 million USDT to acquire 2.06 million WIF.
Another early WIF investor increased their position, purchasing an additional 938,434 WIF worth $1.6 million.
Crypto analyst VikingXBT suggests that the setup for WIF looks “super good” if the recent market bottom is confirmed.
WIF is the fourth largest meme token by market cap, priced at $3.25 with a market cap of $3.24 billion.
WIF is expected to continue its upward trajectory, potentially surpassing PEPE Coin to become the third-largest meme coin in the market.
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