Major Crypto Whale Increases Holdings in Dogwifhat (WIF)

According to on-chain data, the largest non-exchange holder of the Solana-based memecoin Dogwifhat (WIF) continues to build up its holdings.

The blockchain analytics firm Lookonchain revealed that a Solana address starting with “mmEAfW” has recently acquired several hundred thousand WIF tokens.

The holder spent 1.54 million USDC to purchase 800,556 WIF at a price of $1.92 per token. This address now holds 28 million WIF, valued at $53.23 million, with total profits from the investment exceeding $77 million.

Lookonchain previously shared details of this whale’s accumulation strategy. The holder aggressively bought WIF during a market surge in March, sold off some assets for profit in April and May, and is now gradually accumulating again.

Additionally, another significant whale was spotted moving a large amount of Bitcoin ( BTC ) to Binance, likely for selling purposes. Lookonchain noted that this investor made millions in profit after holding BTC for several months.

The whale transferred 590 BTC, worth $38 million, to Binance after the price increased, earning over $15 million in profit. The BTC had been purchased earlier at an average price of $38,472 during three separate transactions in late 2023 and early 2024.