Despite recent price declines, whale addresses are increasingly accumulating Dogwifhat (WIF), adding millions of tokens.
over the past few days. These large holders have accumulated millions of the memecoin despite the token experiencing significant price declines.This significant accumulation was part of a broader pattern observed among large holders, indicating a growing interest in WIF despite its recent market performance.made a notable move just a few days ago. The whale borrowed 1.4 million USDC from a DeFi platform and used 1 million USDC to purchase over 643,000 WIF tokens.
This growing concentration of WIF in the hands of a few large holders could have implications for the token’s future price dynamics. AMBCrypto’s analysis of WIF’s daily price chart shows that the token steadily declined after reaching a peak of $1.9 on the 24th of August.
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