- A whale bought millions of WIF just before Binance disclosed its listing.
- The price closed above the 20 and 50 EMAs, suggesting a bullish trend.
- If bulls clear the $0.45 resistance, WIF might hit $0.50 within a short time.
According to Lookonchain, a whale spent $1 million in Solana (SOL) to buy 2.68 million dogwifhat (WIF) 16 hours before Binance announced the WIF perp pair. In another post, the smart money tracking handle noted that the whale could be an insider of the project. Based on the post, Lookonchain noted that the wallet owns 37 million WIF and has an unrealized profit of more than $8 million.
Binance just announced that will launch $WIF perpetual!Is this guy who spent 86,738.1 $SOL($8.65m) to buy 17.22M $WIF really an insider?
The 37M $WIF currently held by this guy is worth $17M, with a floating profit of more than $8M!https://t.co/nqeVXKmqoO pic.twitter.com/niE7XdGEiT
— Lookonchain (@lookonchain) January 18, 2024
WIF Eyes a Move to $0.50
When issues like this arise, there is usually speculation that the participants involved are either part of the team or the developers themselves. For WIF, it was uncertain what it was. However, before Bin…
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