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    Home»Cryptocurrency»Largest Dogwifhat (WIF) Holder Continues Aggressive Accumulation of Top-Valued Solana Memecoin: Lookonchain
    Cryptocurrency

    Largest Dogwifhat (WIF) Holder Continues Aggressive Accumulation of Top-Valued Solana Memecoin: Lookonchain

    msmarkBy msmarkAugust 26, 2024No Comments2 Mins Read
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    The largest non-exchange holder of Solana (Solmemecoin based dogwifhat coin continues to accumulate Waveaccording to the data on the chain.

    Blockchain tracking firm Lookonchain says a Solana address starting with “mmEAfW” has recently raised hundreds of thousands of WIF.

    “The largest WIF holder spent 1.54 million USDC to buy 800,556 WIF at $1.92 again!

    “This whale currently has 28 million WIF ($53.23 million), and the profit on WIF has exceeded $77 million!”

    source: Look on Chain/X

    Last week, Lookonchain shared a chart showing the whale’s accumulation process, where it bought aggressively during the March rally before paring profits in April and May and then slowly accumulating again now.

    image
    source: Look on Chain/X

    At the time of writing, WIF is trading at $1.86.

    Look at the series too. Spotted Another whale over the weekend deposits massive amounts of Bitcoin (Bitcoin) to Binance, the world’s largest cryptocurrency exchange, and is supposed to be sold on the open market.

    According to blockchain tracker, the whale has made millions of dollars in profits after months of holding BTC.

    A whale deposited 590 BTC ($38 million) into Binance to sell it after the BTC price surged, making over $15 million!

    This whale bought 590 BTC ($22.7 million) from Binance at an average price of $38,472 on October 20, 2023, February 21, and April 16, 2024.

    address:
    18Txv4w4J31Un1gHBnxd6mPdNrkMaSvrJJ”

    At the time of writing, Bitcoin is trading at $64,145.

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    Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should conduct their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please note that your transfers and trades are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl engages in affiliate marketing.

    Image generated: DALLE3

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