A significant boost in optimism surrounds the Solana-based meme coin Dogwifhat (WIF) as a whale investor amassed around $16 million worth of tokens on Binance recently. On-chain analysis reveals that the whale’s past trading tactics have enabled it to secure notable profits, fostering bullish sentiment for WIF’s future price trajectory.
How Much Did the Whale Acquire?
As per Lookonchain data, the whale wallet identified as D2Noa acquired 6.9 million WIF tokens for approximately $15.87 million on November 9. Notably, this whale previously purchased $15 million worth of WIF, later selling it for an impressive $8 million gain.
Can We Expect a Price Surge?
Currently, WIF has demonstrated a 4% price increase over the last day, trading at $2.44. The token recorded daily fluctuations with a low of $2.21 and a high of $2.50. This rise aligns with heightened buying pressure, with 24-hour trading volumes reaching $2.44 billion, also marking a 4% increase.
- A whale’s significant acquisition boosts market confidence.
- WIF’s price has risen, indicating potential bullish trends.
- Analysts predict possible price targets of up to $2.90 shortly.
- Overall, Dogwifhat is well-positioned for possible growth.
The current accumulation trend by the whale has sparked high expectations within the market, suggesting a promising outlook for Dogwifhat as it navigates forward. With recent activity pointing toward sustained interest, WIF may be entering a notable bullish phase soon.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Source: https://en.bitcoinhaber.net/whale-boosts-dogwifhat-token-on-binance