Lookonchain, a famous on-chain analytics firm, recently disclosed a substantial transfer by the biggest dogwifhat ($WIF) holder. As per Lookonchain, the whale spent up to 1.54M $USDC tokens to buy 800,556 $WIF coins at a per-token price of $1.92, resulting in a profit of $77 million. The analytics company provided the details of the respective development on its official social media account.
The largest holder of $WIF spent 1.54M $USDC to buy 800,556 $WIF at $1.92 again!This whale currently holds 28M $WIF($53.23M), and the profit on $WIF has exceeded $77M!https://t.co/MYA8tsXYpe pic.twitter.com/V37j7egQsI
â Lookonchain (@lookonchain) August 25, 2024
The Biggest $WIF Whale Spends $1.54 Million to Purchase 800K Tokens
In its latest X post, Lookonchain noted that this exclusive $WIF acquisition further fortifies the significant position of the whale. This brings their cumulative holdings to nearly 28M $WIF with the current value of almost $53.23M. The whaleâs strategic tactics and remarkable profits from $WIF denote their market influence along with the $WIF coinâs potential. The analytics firm revealed that the purchase indicates the whaleâs belief in the further value growth of the $WIF token.
With this investment at a $1.92 per-token price point, the whale is emphasizing their confidence in $WIFâs future performance. The respective transfer is not the earliest instance for this whale to have come to the spotlight. In the recent few days, the whale utilized 2.7 million $USDC to purchase 1.8M $WIF. Before, that in December last year, the whale spent up to $226K to purchase 19.86M $WIF coins at just $0.0114.
The Whale Collects More Than $77M in dogwifhat ($WIF) Profits
Subsequently, they spent nearly 86,738 $SOL for 14.23M $WIF coins in just a single transfer. At the moment, the whale possesses a cumulative holding of approximately $28M $WIF with a value of $53.23M. This signifies that the whale is commanding the $WIF marketâs huge portion. The recent $WIF acquisitions have strengthened the whaleâs status apart from generating more than $77M in profit.
