Ethereum

BOOK OF MEME

Bitcoin

dogwifhat

MEME

<ul>
 <li><strong>Dogwifhat (WIF) reclaimed a market cap above $3 billion after a 2-day slump. </strong></li>
 <li><strong>A significant whale activity has been spotted on the radar during the price surge.</strong></li>
</ul>
<p>There’s a slight relief in the market as Bitcoin (BTC) rebounds above $62,800 and Ethereum (ETH) attempts to find a firm foothold above $3,000. Among the top 5 gainers of the day, Solana-based viral memecoin Dogwifhat (WIF) boasts its double-digit price surge.</p>
<p>In the last 24-hour trading window, WIF surged over 12.3% to reach $3.22. At the time of writing, WIF stood with a market capitalization of $3.22 billion. Amid this rise, the memecoin’s daily trading volume <a href="https://coinmarketcap.com/currencies/dogwifhat/" target="_blank" rel="noopener noreferrer nofollow">increased</a> over 24.68% to $467.6 million.&nbsp;</p>
<p>Blockchain data tracker lookonchain detected an anonymous whale activity tied to WIF. In the last 12 hours, the whale purchased nearly 1.4 million WIF tokens — worth $4.18 million at the time of purchase. Currently, these tokens held are in a profit of 7.7%.</p>
<div align="center">
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr">A whale spent 4.2M <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$USDC</a> to buy 1.4M <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$WIF</a> at $2.99 5 hours ago.<br><br>This whale was an early trader of <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$WIF</a> and made a total profit of more than $8M on <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$WIF</a>.<a href="https://t.co/UWIt3TBsVQ" rel="noopener noreferrer nofollow">https://t.co/UWIt3TBsVQ</a> <a href="https://t.co/KYAsIZJ7AG" rel="noopener noreferrer nofollow">pic.twitter.com/KYAsIZJ7AG</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1788772201132708055?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 10, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div>
<h3 class="wp-block-heading" id="h-will-dogwifhat-wif-pump-further-or-dump"><strong>Will Dogwifhat (WIF) Pump Further or Dump?</strong></h3>
<p>The daily price chart shows WIF’s relative strength index (RSI) hovering within the neutral territory — neither oversold nor overbought condition. Meanwhile, another indicator, Chaikin Money Flow (CMF), displays a gradual decline below zero, suggesting decreased capital flow into the asset. This is further supported by the decline in trading volume over the past two days.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" width="1024" height="461" src="https://thenewscrypto.com/wp-content/uploads/2024/05/WIFUSDT_2024-05-10_07-19-07-1024x461.png" alt="" class="wp-image-97939" srcset="https://thenewscrypto.com/wp-content/uploads/2024/05/WIFUSDT_2024-05-10_07-19-07-1024x461.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/05/WIFUSDT_2024-05-10_07-19-07-300x135.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/05/WIFUSDT_2024-05-10_07-19-07-768x346.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/05/WIFUSDT_2024-05-10_07-19-07-1536x691.png 1536w, https://thenewscrypto.com/wp-content/uploads/2024/05/WIFUSDT_2024-05-10_07-19-07.png 1915w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>WIF/USDT 24H Price Chart (Source: <a href="https://in.tradingview.com/symbols/WIFUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)</em>
  </figcaption>
 </figure>
</div>
<p>As per TheNewsCrypto’s <a href="https://thenewscrypto.com/dogwifhat-wif-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">analysis</a>, WIF’s current price momentum laid down a cup and handle pattern. This formation generally displays a consolidation phase and a breakout is expected to follow. If a bullish breakout occurs, dogwifhat might surpass its resistance, $3.5757. In case the bearish momentum creeps in, WIF may fall to $2.8.</p>
<p>The top 10 gainers’ list also featured another <a href="https://thenewscrypto.com/massive-solana-whale-movements-stir-speculation-as-sol-faces-market-volatility/" target="_blank" rel="noopener noreferrer nofollow">Solana</a> memecoin BOOK OF MEME (BOME). According to CoinMarketCap <a href="https://coinmarketcap.com/currencies/book-of-meme/" target="_blank" rel="noopener noreferrer nofollow">data</a>, BOME surged over 10.5% in the last 24 hours to trade at $0.01184.</p>
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Dogwifhat (WIF) Sees 12% Pump, Whale Activity Expected?

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TheNewsCrypto

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