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

November 11, 2024

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.

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.

Kraken Lists $WIF For U.S. Customers 

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

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.

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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Will

Will is a News/Content Writer and SEO Expert with years of active experience. He has a good history of writing credible articles and trending topics ranging from News Articles to Constructive Writings all around the Cryptocurrency and Blockchain Industry.