Yesterday, the popular Solana-based memecoin Dogwifhat ($WIF) experienced a significant price surge, climbing from $2.80 to above $3.20. However, this rally was short-lived as large transactions by whales created notable volatility. On-chain data from Lookonchain revealed that two major buyers purchased a combined total of 701,668 $WIF, valued at approximately $2.04 million. One whale, operating from wallet “37reKQ,” spent 1.31 million USDC to acquire 453,877 $WIF at $2.89 per token. This transaction, occurring just two hours ago, left the whale with an unrealized profit of $161,000. Detailed transaction information for this wallet can be found on (https://solscan.io/account/37reKQ). WIF is pumping!
The post Solana Memecoin Dogwifhat ($WIF) Sees Price Surge And Sharp Drop Amid Whale Activity appeared first on The Merkle News.