2024

Million

USDC

Yield

<ul> 
 <li><strong>The largest WIF whale has borrowed from Kamino to buy 643,832 more WIF, adding to their significant holdings.</strong></li> 
 <li><strong>The whale’s strategic WIF purchases have resulted in a profit of approximately $65.6 million.</strong></li> 
</ul>  
<p>The largest holder of Dogwifhat (WIF), according to <a href="https://x.com/lookonchain/status/1829350182443761828">Lookonchain</a>, has made another substantial market move. This whale borrowed 1.4 million USDC from Kamino and used one million USDC to buy 643,832 WIF for $1.55 just a few hours ago.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">The largest holder of <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$WIF</a> borrowed 1.4M <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDC</a> from <a href="https://twitter.com/hashtag/Kamino?src=hash&amp;ref_src=twsrc%5Etfw">#Kamino</a> and spent 1M <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDC</a> to buy 643,832 <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$WIF</a> at $1.55 again 6 hours ago.</p> 
 <p>The whale currently holds 28.66M <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$WIF</a>($44.13M), and the profit on <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$WIF</a> is ~$65.6M!<a href="https://t.co/jtJhdjDnQm">https://t.co/jtJhdjDnQm</a> <a href="https://t.co/RdzC8vRxbt">pic.twitter.com/RdzC8vRxbt</a></p> 
 <p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1829350182443761828?ref_src=twsrc%5Etfw">August 30, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h2 id="strong-whale-increases-wif-holdings-to-28-66-million-securing-65-6-million-in-profit-strong"><strong>Whale Increases WIF Holdings to 28.66 Million, Securing $65.6 Million in Profit&nbsp;</strong></h2> 
<p>This strategic acquisition adds to their already large holdings, bringing the total to 28.66 million WIF, worth around $44.13 million. So far, WIF has generated an incredible $65.6 million in profit.</p> 
<p>This is not the first time the whale has made news. According to <span style="color: #008000;"><a style="color: #008000;" href="https://www.crypto-news-flash.com/largest-wif-holder-increases-holdings-profits-soar-over-77m/">CNF</a></span>, the whale earlier spent 1.54 million USDC to acquire an additional 800,556 Dogwifhat tokens, which were also financed by a loan from Kamino. These acts indicate a well-planned approach to the meme token accumulation, most likely with the goal of capitalizing on future price changes.</p> 
<p>At the time of writing, <span style="color: #008000;"><a style="color: #008000;" href="https://www.crypto-news-flash.com/whale-investor-redouble-defforts-pour-dogwifhat-en-raison-de-linteret-croissant-quil-suscite/">WIF</a></span> was trading around <strong>$1.54</strong>, down <strong><span style="color: #ff0000;">3.40%</span></strong> over the last 24 hours. Despite this minor fall, its daily trading volume remains high at $298.42 million, demonstrating that the market is still active.</p> 
<div class="cryptoboxes" id="mcw-709528" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="dogwifhat" data-symbol="WIF" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div> 
<h3 id="strong-floki-inu-poised-for-potential-200-surge-strong"><strong>Floki Inu Poised for Potential 200% Surge&nbsp;</strong></h3> 
<p>On the other hand, another popular meme coin, Floki Inu (FLOKI), is supposedly on the cusp of a significant surge. Our prior <span style="color: #008000;"><a style="color: #008000;" href="https://www.crypto-news-flash.com/will-floki-inu-surge-200-analysts-weigh-in-on-potential-breakout/">report</a></span> has noted that Floki Inu could see a major price increase of up to 200%. The coin’s endurance during larger market downturns has sparked expectations of a significant price gain before the end of the year.</p>

Whale’s Strategic WIF Buys Yield $65.6M Profit

Table of Contents

Crypto News Flash

Other articles published on Aug 30, 2024

Cardano Founder Announces Key Burn Ahead of Chang Fork Update

Fake MBAPPE Token Soars to $464M, Plummets as Hack Is Exposed

Bitcoin Longs Under Pressure With Likelihood of New Crypto Crash, Traders Run to Safety

Michael Dell Comments on Bitcoin Investment

The 1inch Wallet: five layers of security

XRP Eyes Epic 15% Gains in September, Price History Signals

Join our free newsletter for daily crypto updates!