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Solana-based meme coin Dogwifhat continued its rally today, surging 17% and reaching a new peak of $4.61.
WIF is the largest weekly gainer on the crypto market, rallying nearly 90% in the past week. <a href="https://crypto.news/price/dogwifhat/" rel="noopener noreferrer nofollow">Dogwifhat’s</a> rally has also impacted Solana’s performance, as the altcoin is up by 10% for the week.
Despite this rally, <a href="https://crypto.news/price/dogwifhat/" rel="noopener noreferrer nofollow">WIF’s</a> trading volume remains rather stagnant. The meme coin’s daily trading volume has increased only 22%. According to Coinstats, one of the largest holders of the token is still not liquidating their profits.&nbsp;
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The wallet holds a total of $139.5 million worth of WIF tokens, bought at an average price of $0.32, with a current unrealized profit of $127.3 million, according to CoinStats, one of the largest holders of the token is currently sitting on an unrealized profit of $127 million, holding $139.5 million worth of WIF.&nbsp;
The whale hasn’t sold its tokens for over a month now. With its latest all-time high, Dogwifhat is now the third-largest meme coin in the market.
It has now surpassed <a href="https://crypto.news/price/pepe/" rel="noopener noreferrer nofollow">PEPE</a>, <a href="https://crypto.news/price/bonk/" rel="noopener noreferrer nofollow">BONK</a>, and FLOKI, with a market cap of over $4.3 billion.&nbsp;
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Dogwifhat reaches a new all-time high as whales reluctant to sell

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