The biggest non-exchange holder of Solana (SOL)-based memecoin dogwifhat is constant to build up WIF, in accordance with on-chain information.
Blockchain monitoring agency Lookonchain says the Solana tackle that begins with “mmEAfW” has just lately collected lots of of 1000’s of WIF.
“The biggest holder of WIF spent 1.54 million USDC to purchase 800,556 WIF at $1.92 once more!
This whale presently holds 28 million WIF ($53.23 million), and the revenue on WIF has exceeded $77 million!”
Final week, Lookonchain shared a chart displaying the whale’s accumulation course of, shopping for aggressively through the run-up in March earlier than offloading earnings in April and Could after which slowly reaccumulating once more now.
At time of writing, WIF is buying and selling at $1.86.
Lookonchain additionally noticed one other whale over the weekend depositing large quantities of Bitcoin (BTC) into Binance, the most important crypto trade on this planet, presumably to promote on the open market.
In accordance with the blockchain tracker, the whale made thousands and thousands of {dollars} in earnings after months of holding BTC.
“A whale deposited 590 BTC ($38 million) into Binance to promote after the BTC value rose, making greater than $15 million!
This whale purchased 590 BTC ($22.7 million) from Binance at a mean value of $38,472 on Oct 20, 2023, Feb 21, and April 16, 2024.
Deal with:18Txv4w4J31Un1gHBnxd6mPdNrkMaSvrJJ”
At time of writing, Bitcoin is buying and selling at $64,145.
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