An early Dogwifhat (WIF) investor has cashed in on massive profits, offloading millions of tokens and sparking market concerns about the token’s price stability.
The whale, known by the alias “EvSTe,” has realized a staggering $4.61 million in profits, achieving a 235% return on their initial investment in just over 13 months.
The move has raised questions about the short-term trajectory of WIF as the market reacts to this substantial sell-off.
Source: X
$4.61 Million Profit from a Modest Start
In the past 11 hours, whale “EvSTe” sold 3.421 million WIF tokens for $5.3 million in USD Coin (USDC) at an average price of $1.549 per token.
This incredible return stems from an initial investment of just $21,000, made on December 9, 2023.
At the time, the whale purchased 3.58 million WIF, taking a chance on the token in its early stages.
After liquidating most of their holdings, the Whale still retains 198,400 WIF tokens, valued at approximately $311,000 at current
We współpracy z: https://www.thecoinrepublic.com/2025/01/11/dogwifhat-whales-taking-profits-will-price-correct/
