Solana-based meme coin Dogwifhat continued its upward trend today, surging 17% to a new high of $4.61.
WIF posted the biggest weekly gain in the cryptocurrency market, rising nearly 90% last week. Dogwifhat’s rally also influenced Solana’s performance. Because the altcoin is up 10% for the week.
Despite this rally, WIF’s trading volume remains stagnant. MEMCOIN’s daily trading volume only increased by 22%. According to Coinstats, one of the token’s largest holders is still not liquidating his profits.
The wallet holds a total of $139.5 million worth of WIF tokens, purchased at an average price of $0.32, with unrealized profits currently at $127.3 million, according to CoinStats, one of the largest holders of the token. Holds WIF worth $127 million and $139.5 million.
Whale has not sold any tokens for over a month now. Having recently hit an all-time high, Dogwifhat is now the third-largest meme coin on the market.
Its current market capitalization is over $4.3 billion, surpassing PEPE, BONK, and FLOKI.