Key Takeaways
- Top WIF investor increases holdings by 2.3M tokens ($4.65M), now owning **23.39M WIF** ($49.6M).
- Contrasting trend: PEPE and SHIB whales exit positions, incurring losses or locking profits.
- Current prices: WIF ($2), PEPE ($0.00001254), SHIB ($0.00001733).
Detailed On-Chain Analysis
1. Dogwifhat (WIF) Whale Doubles Down
According to Lookonchain, the largest WIF holder purchased an additional 2.3M WIF ($4.65M) at **$2.03 per token, raising their total to 23.39M WIF ($49.6M). This investor previously spent **86,738 SOL** ($8.65M) to acquire 17.22M WIF in a single trade, now profiting ~$83M**.
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Market Reaction:
- WIF price dipped 3% in 24 hours to $2.
2. Contrasting Moves: PEPE and SHIB Whales Exit
PEPE Whale Capitulation
A whale sold 700B PEPE ($7.8M) on Binance, retaining **800B PEPE** ($9.23M) but sustaining $3.5M in losses.
SHIB Whale Profit-Taking
Another investor deposited 1.08T SHIB ($18.4M) into Binance, securing **$8.3M profit. At SHIB’s peak, their unrealized gains reached $29M**.
Price Impact:
- PEPE: -2% ($0.00001254).
- SHIB: -3.5% ($0.00001733).
FAQs
Q: Why is the top WIF holder buying more?
A: The investor likely anticipates long-term value, leveraging their $83M profit to accumulate further during price dips.
Q: Are memecoin whales losing confidence?
A: Diverging trends—while WIF demand grows, PEPE/SHIB whales are exiting, suggesting sector volatility.
Q: How does this affect retail investors?
A: Large transactions can sway prices short-term, but sustained accumulation (like WIF) may signal bullish sentiment.
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Market Outlook
Memecoins remain highly speculative, with WIF showing resilience amid broader sell-offs. Monitor:
- Whale wallets for accumulation/distribution patterns.
- Exchange inflows/outflows as liquidity indicators.
Data sourced from Lookonchain; prices as of June 2025.
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