2024

<p>The price of $WIF has dropped by more than 15% as the market is experiencing a decline. According to Lookonchain, a large holder has deposited 900,000 $WIF to the <a href="https://blockchainreporter.net/exchanges/bybit/" rel="noopener noreferrer nofollow">Bybit </a>exchange today. The worth of these tokens is $1.64 million. This deposit has left the whale with 974,000 $WIF which is valued at approximately $1.76 million.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
   <p lang="en" dir="ltr">The price of <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$WIF</a> dropped 15% as the market fell.<br><br>A whale deposited 900K <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$WIF</a>($1.64M) to <a href="https://twitter.com/hashtag/Bybit?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bybit</a> 10 hours ago, leaving 974K <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$WIF</a>($1.76M).<a href="https://t.co/qJwlxcWy15" target="_blank" rel="noopener noreferrer nofollow">https://t.co/qJwlxcWy15</a> <a href="https://t.co/amIkvwKfNG" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/amIkvwKfNG</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1808762111428080098?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 4, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h2 class="wp-block-heading" id="large-wif-transfer-to-bybit-sparks-selling-pressure-concerns">Large $WIF Transfer to Bybit Sparks Selling Pressure Concerns</h2>
<p>Such a large volume of $WIF tokens has been transferred, and therefore it has attracted the attention of some market observers. The whale decided to transfer such a large amount of $WIF to <a href="https://www.bybit.com/en/" target="_blank" rel="noopener noreferrer nofollow">Bybit</a>. As a result, it can possibly place selling pressure and resulting to dropping its price recently.</p>
<p>Unfortunately, market analysts follow the movements of whales because the large transactions may affect the price levels, or even suggest future trends.</p>
<h2 class="wp-block-heading" id="wif-traders-advised-to-monitor-large-holder-actions">$WIF Traders Advised to Monitor Large Holder Actions</h2>
<p>These variables include the current market circumstances as well as that of the large holders, such as this whale, that lead to price fluctuations with regards to $WIF. One must pay attention to such movements as they can significantly affect the traders and investors in the $WIF market.</p>
<p>Lastly, there are still actions from the market awaiting and one wonders how the price of $WIF will change and what more steps will be employed by the large holders of the currency.</p>

$1.64M $WIF Deposit to Bybit by Whale Amid Market Decline Raises Selling Pressure Concerns

Table of Contents

BlockchainReporter

Άλλα άρθρα που δημοσιεύτηκαν στις 4 Ιουλ 2024

Best Crypto Airdrops to Claim

Shocking Kidnapping Cases Using Cryptocurrency

Analysts Debate XRP’s Future Amid Market Decline

HBAR Price Analysis: Big Gain or Big Drop? Time to Decide for Hedera

Justin Sun Proposes to Buy Germany’s BTC

The New Shiba Shootout Cryptocurrency: A Real Potential to Surpass the Shiba Inu Giant

Join our free newsletter for daily crypto updates!