According to on-chain data, the largest DogwhipHat (WIF) holders are increasing their holdings while other Mimecoin whales are selling.
Blockchain tracking firm Lookonchain reported that the largest Dogwipehat holder suddenly bought an additional 2.3 million tokens, bringing their total holdings to over 23 million WIF.
“The largest WIF holder used 4.65 million USDC to purchase 2.3 million WIF at $2.03 (June 25)! He currently has 23.39 million WIF ($49.6 million) and has made a profit of ~$83 million on WIF! He is also the one who spent 86,738.1 SOL ($8.65 million) to purchase 17.22 million WIF in one transaction.”
At the time of writing, WIF is trading at $2, down nearly 3% in the last 24 hours.
Meanwhile, another WIF whale that suffered huge losses from memecoin trading just bought more, according to Lookonchain.
“This whale, who lost $4.63 million in WIF, spent 3.77 million USDT to buy back 2.06 million WIF after the price of WIF rose. His average purchase price was $1.83, selling low and then buying high. ”
Lookonchain then reported that a whale had just sold 700 billion Pepe (PEPE) tokens.
“PEPE whales capitulate and deposit 700 billion PEPE ($7.8 million) into Binance (June 24). He is now left with 800 billion PEPE ($9.23 million), with a total loss of about $3.5 million.”
As of this writing, Pepe’s trading price is $0.00001254, down about 2% in the last 24 hours.
Lastly, Lookonchain points out that Whale sold his Shiba Inu (SHIB) holdings, making a huge profit.
“A whale deposited all 1.8 trillion SHIB (~$18.4 million) to Binance (June 24th) and made ~$8.3 million profit! This whale withdrew 1.8 trillion SHIB (~$10.07 million in expenses) from Binance on November 24, 2023, December 4, and December 22, 2023. He made $29 million in unrealized profit at the SHIB peak!”
At the time of writing, SHIB is trading at $0.00001733, down 3.5% over the last 24 hours.
Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox
Check price action
follow us XFacebook, Telegram
Surf the Daily Hoddle Mix
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrencies or digital assets. Your transfers and transactions are your responsibility, and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrency or digital asset, and The Daily Hodl is not an investment advisor. The Daily Hodl engages in affiliate marketing.
Image created by: Midjourney