dogwifhat

2024

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<p>The post <a href="https://coinpedia.org/news/top-whale-from-dogwifhat-wif-on-the-hunt-can-the-bulls-regain-control/">Top Whale from dogwifhat (WIF) on the Hunt! Can the Bulls Regain Control?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The meme coin industry, led by top <a href="https://markets.coinpedia.org/category/solana-ecosystem/" target="_blank" rel="noreferrer noopener">Solana-based project </a>dogwifhat (WIF), has rebounded more than 7 percent in the past 24 hours to about $51.6 billion. The Bitcoin rebound to around $62k has quelled the crypto bearish sentiment triggered by heightened selling pressure.&nbsp;</p> 
<p>The crypto market is yet to, however, signal full recovery as the long-term holders continue to offload their holdings. Notably, the <a href="https://coinpedia.org/news/germanys-900-bitcoin-transfer-sparks-crypto-market-speculation/" target="_blank" rel="noreferrer noopener">German government</a> and Bitcoin miners have been selling their holdings thus weighing heavily on bullish sentiment.</p> 
<h2 class="wp-block-heading" id="h-top-wif-whale-on-a-buying-spree">Top WIF Whale on a Buying Spree</h2> 
<p>While top holders from Ethereum-based Shiba Inu (SHIB) and Pepe (PEPE) have been busy offloading their holding on different exchanges led by Binance, on-chain data shows a different trend on WIF.&nbsp;</p> 
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   <p lang="en" dir="ltr">The largest holder of <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$WIF</a> spent 4.65M <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDC</a> to buy 2.3M <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$WIF</a> at $2.03 8 hours ago!<br><br>He currently holds 23.39M <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$WIF</a>($49.6M), with a profit of ~$83M on <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$WIF</a>!<br><br>He is also the one who spent 86,738.1 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a>($8.65M) to buy 17.22M <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$WIF</a> in one trade.<br><br>Address:<a href="https://t.co/5fd4VETnts">https://t.co/5fd4VETnts</a>… <a href="https://t.co/EHbdZVBHl9">pic.twitter.com/EHbdZVBHl9</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1805794787708354622?ref_src=twsrc%5Etfw">June 26, 2024</a>
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<p>According to on-chain data provided by Solscan, the largest holder of <a href="https://markets.coinpedia.org/dogwifhat/" target="_blank" rel="noreferrer noopener">dogwifhat</a> purchased 2.3 million WIF, worth $4.65 million earlier on Wednesday. As a result, the top WIF holder now holds around 23.39 million units, worth around $49.6 million.</p> 
<p>The top WIF holder has relentlessly maintained the bullish momentum but could pose bearish threats in case the whale begins selling. Moreover, WIF has a total liquidity of around $4.5 million on different web3 protocols.</p> 
<h2 class="wp-block-heading" id="h-market-outlook-and-midterm-price-action">Market Outlook and Midterm Price Action</h2> 
<p>After an impressive performance since its inception, WIF has been trapped in a consolidation and choppy market in the past few months.&nbsp;</p> 
<p>The mid-cap altcoin, with a fully diluted valuation of about $2 billion and a daily average trading volume of around $835 million, has dropped more than 32 percent in the past four weeks to trade at about $2.02 on Wednesday.</p> 
<p>From a technical standpoint, the WIF price against the US dollar has not completed the choppy consolidation and could continue in the coming months.&nbsp;</p> 
<p>However, the daily Relative Strength Index (RSI) has dropped to the oversold region, signaling to inevitable market reversal ahead.</p> 
<p>Read Also: <a href="https://coinpedia.org/news/us-congressman-matt-gaetz-proposes-bill-to-accept-bitcoin-for-federal-tax-payments/" target="_blank" rel="noreferrer noopener">US Congressman Matt Gaetz Proposes Bill to Accept Bitcoin for Federal Tax Payments</a></p>

Top Whale from dogwifhat (WIF) on the Hunt! Can the Bulls Regain Control?

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