The post Dogwifhat (WIF) could fall to $1, Here’s why appeared first on Coinpedia Fintech News
At current the overall market appears a solid bearish, as top assets including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) experienced price falls of over 5.5%, 5.2%, and 10% respectively, in the last 24 hours. Amid this selling pressure, whale sell-off a significant 14.53 million of dogwifhat (WIF) tokens, as reported by an on-chain analytic firm Lookonchain.
Whale dumps $24 million of WIF tokens
Today, on August 3, 2024, Lookonchain made a post on X (previously Twitter) stating that nearly five wallets that potentially belong to the same individual have dumped over $24 million worth of WIF tokens. However, this massive sell-off comes following the breakdown of a crucial support level of $157 in Solana.
5 wallets(may belong to the same person) sold 14.53M $WIF($24M) 7 hours ago!
Incredibly, this guy bought 14.53M $WIF on Nov 30, 2023, and the cost was only $5,340!
He go
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