USDC

Amid bullish market sentiment, where top cryptocurrencies are experiencing upside momentum, an on-chain analytics firm, Lookonchain, made a post on X (formerly Twitter) that gathered massive attention from crypto enthusiasts. According to aLookonchain post, two whales recently purchased a massive 701,688 WIF tokens worth $2.04 million. Whales purchase $2.04 million WIF tokens 
The first whale, with the address 37reKQ, spent 1.31 million USDC and bought 453k WIF tokens at an average price of $2.89 two hours ago. Following this massive investment, the WIF price soared, and the whale is currently experiencing a decent profit of over $161k.
Another whale, with the wallet address 8rWUUy, spent 4,036 SOL worth $730k and added 247k WIF tokens at an average price of $2.95 five hours ago. With this massive WIF purchase, the whale’s wallet now holds 1.4 million WIF tokens worth $4.5 million.
This massive WIF token purchase highlights the interest and <a href="https://news.todayq.com/this-whale-is-on-wif-buying-spree-adds-227k-more/" rel="noopener noreferrer nofollow">confidence of whales</a>, investors, and traders in this rapidly growing meme token. Following this significant investment in WIF, the token price surged dramatically. WIF token price-performance analysis&nbsp; 
Currently, WIF is trading near $3.08, and in the last 24 hours, it experienced nearly a 12% upside move. However, intraday WIF reached a high of $3.24 and a low of $2.75. Looking at the performance of the WIF token over a longer period, in the last seven days, the WIF token price experienced nearly a 5% upside move. Over the last 30 days, WIF experienced a price surge of over 8%.
According to expert technical analysis, the WIF token is looking bullish and is now heading toward the $3.5 level. However, the $3.5 level is a strong resistance level that WIF may encounter in the coming days. If the WIF token closes above the $3.5 level, we may see a price surge of 30%, and WIF could hit the $4.8 level in the coming days.

Whales buy $2 mln of WIF tokens, Is bull rally ahead?

Todayq News

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