Whale Rebuilds $WIF Position After $8M Profit In September, As Memecoin Gains Momentum

A major whale is once again making moves with $WIF, the Solana-based memecoin, after securing a significant $8.01 million profit last month.

The investor recently withdrew 6.9 million $WIF tokens, worth approximately $15.87 million, from Binance just four hours ago, at a price of $2.30 per token.

一个 9 月份在 $WIF 上收获了 $801 万收益的鲸鱼，再次建仓了 WIF：他在 4 小时前从币安提出 690 万枚 WIF ($15.87M)，价格 $2.3。

◎他此前在 9 月初通过币安和 Bybit 在底部以 $1.53 的价格囤积 980 万枚 WIF，然后在 9 月底以 $2.35 的价格卖出，获利 $801 万 (+53%)。https://t.co/wrbMm0Kbp3… pic.twitter.com/u8G3LZGwD6

— 余烬 (@EmberCN) November 9, 2024

In early September, the same whale had accumulated 9.8 million $WIF at a bottom price of $1.53 per token through Binance and Bybit. By the end of the month, they sold these tokens for $2.35, locking in a hefty profit of $8.01 million, or a 53% gain.

This renewed interest in $WIF comes at a time when the memecoin is gaining traction in the market. In the past two days, Robinhood Crypto announced it is now supporting $WIF, allowing EU users to deposit, withdraw, and transfer the token.

In a parallel move, Kraken Exchange also listed $WIF for U.S. customers, further boosting its accessibility and potential for growth.

BREAKING: @krakenfx LISTS SOLANA MEMECOIN $WIF (@dogwifcoin) FOR TRADING FOR U.S. CLIENTS pic.twitter.com/Qb8c1empWp

— DEGEN NEWS (@DegenerateNews) November 8, 2024

As the memecoin space heats up, analyst Ali Martinez has pointed out that $WIF appears to be breaking out of a bull flag pattern, which could signal a 20% price increase, projecting a target price of $2.84.

#Dogwifhat $WIF appears to be breaking out of a bull flag, which projects a 20% price increase to $2.84! pic.twitter.com/8T37aMoC9L

— Ali (@ali_charts) November 9, 2024

With the whale’s continued confidence in $WIF and growing support from major exchanges, all eyes are on this Solana-based memecoin as it continues to capture the attention of both retail investors and traders alike.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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