Dogwifhat hits new all-time high, whales reluctant to sell
Solana-based meme coin Dogwifhat continued its rally in the present day, surging 17% and reaching a brand new peak of $4.61.
WIF is the biggest weekly gainer on the crypto market, rallying almost 90% prior to now week. Dogwifhat’s rally has additionally impacted Solana’s efficiency, because the altcoin is up by 10% for the week.
Regardless of this rally, WIF’s buying and selling quantity stays relatively stagnant. The meme coin’s every day buying and selling quantity has elevated solely 22%. In keeping with Coinstats, one of many largest holders of the token remains to be not liquidating their earnings.
The pockets holds a complete of $139.5 million price of WIF tokens, purchased at a mean value of $0.32, with a present unrealized revenue of $127.3 million, in response to CoinStats, one of many largest holders of the token is presently sitting on an unrealized revenue of $127 million, holding $139.5 million price of WIF.
The whale hasn’t bought its tokens for over a month now. With its newest all-time excessive, Dogwifhat is now the third-largest meme coin available in the market.
It has now surpassed PEPE, BONK, and FLOKI, with a market cap of over $4.3 billion.
