WIF: Whale Nets A Profit Of $161K While Trading DogWifHat Tokens

Juhi Mirza
Dogwifhat: Can WIF Hit $5 This Weekend?

The cryptocurrency world can sometimes be overly lucky for some people. The vertical primarily serves those who know the intricate details and maneuvering tactics this industry often expects its traders to cultivate. Two lucky whales abided by the industry’s rules, and learned the nuances of the fine timing in the crypto domain, to strike a jackpot with the help of DogWifHat.

Per CoinMarketcap, WIF is up 8% in the last 24 hours, trading at a price mark of $3.01. These whales earned $161K by trading WIF tokens.

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Whale Accumulates Profits Worth $161K: Here’s What Happened?

dogwifhat wif cryptocurrency
Source: Coinpedia.org

The cryptocurrency world is full of fascinating stories where traders have amassed heaps of fortune in a nick of time. Similar to this, two whales struck heaps of money while trading DogWifHat or WIF crypto tokens.

Per the data available on LookOnChain, one whale transacted $1.3 million USDC to purchase WIF tokens priced at $2.89. As WIF surged later, the whale now possesses an unrealized profit of $161K per Solscan metrics.

Mimicking the same methodology, the second whale made a whopping purchase of $247,491 WIF tokens by selling $4,036 SOL($730K) tokens. These tokens are now valued at a whopping $7,44,947.

“WIF is pumping! We noticed 2 whales bought 701,668 $WIF($2.04M). Wallet”37reKQ” spent 1.31M USDC to buy 453,877 $WIF at $2.89 2 hours ago and has an unrealized profit of $161K. Wallet”8rWUUy” spent 4,036 $SOL($730K) to buy 247,791 $WIF at $2.95 in the past 5 hours and currently holds 1.4M $WIF(4.5M).”

DogWifHat Price Forecast For June

The surging whale activity denotes the renewed user interest in WIF driving the token’s value forward to new highs. Per CoinCodex, WIF may spike by nearly 200% to sit at $9 price value by June 20, 2024.

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“According to our current Dogwifhat price prediction, the price of Dogwifhat is predicted to rise by 222.67% and reach $ 9.69 by June 21, 2024. Per our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 76 (Extreme Greed). Dogwifhat recorded 14/30 (47%) green days with 8.18% price volatility over the last 30 days”

At the same time, the token can surge up to $4 by May 29, doubling the profits of its investors and holders.

“The Dogwifhat price forecast for the next 30 days is a projection based on the positive/negative trends in the past 30 days. Based on these Dogwifhat projections, WIF will be changing hands at $ 4.43 on May 29, 2024, gaining 47.41% in the process.