when

PEPE

Coin

<p>There are two typical reactions traders have when the crypto market experiences a downturn, like the one we’ve seen in the last week or so. The first group panics and starts selling, while the second group begins accumulating their favorite altcoins.</p>
<p>And this time, whales didn’t accumulate PEPE, but WIF. I am specifically mentioning PEPE since during the recent summer dips, <a href="https://captainaltcoin.com/pepes-resurgence-top-trader-who-made-millions-buys-in-again/" target="_blank" rel="noopener noreferrer nofollow">the frog meme coin was the one traders were buying on the dip</a>.</p>
<p>The WIF price took a hit last week, losing more than 20% of its value. This means Dogwifhat’s token is now trading around $1.47 with a market cap of around $1.47 billion. This is 70% lower than the all-time high set in March this year.</p>
<p>However, LookOnChain reported that a whale accumulated $13.59 million worth of WIF tokens from exchanges in the last 4 days.</p>
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   <p lang="en" dir="ltr">A whale has accumulated 9.57M <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$WIF</a>($13.59M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> and <a href="https://twitter.com/hashtag/Bybit?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bybit</a> in the past 4 days!<a href="https://t.co/4bnfADQpqG" target="_blank" rel="noopener noreferrer nofollow">https://t.co/4bnfADQpqG</a> <a href="https://t.co/To4yLQOS9F" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/To4yLQOS9F</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1830425309877043695?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 2, 2024</a>
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<p>The most recent transfer of 775,660.00337 $WIF occurred about four hours ago from Bybit (4 hours from LookOnChain’s tweet actually), adding to earlier transfers of 346,168.380753 $WIF and 8,450,564.117583 $WIF from Bybit and <a href="https://captainaltcoin.com/go/binance/" rel="noopener noreferrer nofollow">Binance</a>, respectively. The total number of $WIF tokens accumulated by the whale is 9.57 million.</p>
<p>The whale’s accumulation of $WIF might influence market sentiment and help the token’s price explode when the bull run returns in October or November. Until then, it’s tricky to expect any heavy price pumps for any <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">meme</a> coin.</p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/why-pepe-and-wif-investors-should-turn-to-this-hot-new-meme-coin/" target="_blank" rel="noopener noreferrer nofollow">Why PEPE and WIF Investors Should Turn to This Hot New Meme Coin</a></strong></em></p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/massive-accumulation-of-this-meme-coin-during-the-dip-hint-not-pepe/" rel="noopener noreferrer nofollow">Massive Accumulation of This Meme Coin During the Dip – Hint: Not PEPE</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Massive Accumulation of This Meme Coin During the Dip – Hint: Not PEPE

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