The Giant Whale, the Largest Owner of This Altcoin, Is Still Buying! His Profit Has Exceeded $68 Million!

Solana (SOL) While memecoins based on cryptocurrencies continue to be popular among investors, the most notable of these is Dogwifhat (WIF) happened.

With its success, WIF rose to fourth place among memecoins in terms of market value. The largest owner of WIF is buying more WIF at a profit of over $68 million.

According to the Lookonchain post, the whale, which is the largest holder of WIF, has deposited 21.9 million WIF ($35.48 million) and borrowed 2.61 million USDC on Kamino in the last three days.

The whale purchased approximately 1.8 million more WIFs with the 2.7 million USDC of borrowed stablecoins.

According to the data, this whale spent approximately $226,000 between December 13-15, 2023 to buy a total of 19.86 million WIFs at just $0.0114 each.

The whale, who then acquired the domain name “binance-insider.sol” on the Solana network, spent 86,738 Solanas ($8.92 million) to acquire 17.23 million WIF in a single transaction.

Lookonchain stated that the whale still has 27.2 million WIFs worth $44.36 million in its possession, and that this address, whose identity is unknown, He stated that he made a profit of more than $68 million thanks to WIF.

“The largest holder of WIF is buying more at a profit of over $68 million and WIF is also long!

Over the past 3 days, he deposited 21.9 million WIF ($35.48 million) into Kamino and borrowed 3.24 million USDC, then spent 2.7 million USDC to buy ~1.8 million WIF!
….

This whale currently holds 27.2 million WIF (worth $44.36 million) and has made over $68 million in total profit!”

Increasing by 13.2% in the last 7 days WIF It continues to trade at $1.62 at the time of writing.

The largest holder of $WIFwith over $68M in profit, is buying more and going long on $WIF!

In the past 3 days, he deposited 21.9M $WIF($35.48M) into #Chimney and borrowed 3.24M $USDCthen spent 2.7M $USDC to buy ~1.8M $WIF!

This whale spent $226K to buy 19.86M $WIF at only… pic.twitter.com/4iXzJPlT8s

— Lookonchain (@lookonchain) August 23, 2024

*This is not investment advice.