A Massive Whale Boosts the Value of $WIF Tokens by Utilizing $SOL for Purchase
An extraordinary event has taken place in the cryptocurrency world as a whale made a significant investment in $WIF tokens with the intention of driving up its price. Lookonchain, a renowned analytics platform, revealed this occurrence through its official X account.
Within a span of just five hours, the whale spent a staggering 17,966 $SOL tokens, equivalent to $2.98 million, to acquire a total of 953,177 $WIF tokens at a price of $3.13 each. This sudden influx of buying activity caused the price of $WIF to surge by approximately 7%.
Interestingly, this is not the first time the whale has made such a move. On May 21, it had previously spent 1 million $USDC to purchase 355,417 $WIF tokens at an average rate of $2.81 per coin. The following day, the whale sold these tokens at $3.07, earning a handsome profit of $90,000.
Lookonchain shared this news on Twitter on May 26, 2024, accompanied by a visual representation of the whale’s latest purchase.
In summary, this massive whale has successfully raised the value of $WIF tokens by utilizing $SOL tokens for its purchases. Lookonchain has provided detailed insights into the whale’s buying activities, highlighting the significant impact it has had on the market.
