Dogwifhat whale moves massive WIF tokens to Coinbase
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With this transaction, the whale has raked in $3,077,000 in profit. Analysts consider the whale’s transaction very timely and profitable. However, some argue that it could potentially drive WIF prices down in an already volatile market characterized by price fluctuations. Already, on-chain figures indicate bearish sentiment among WIF traders and investors. This has left analysts speculating about the future price trajectory of the meme coin.data from CoinMarketCap. Despite this price rebound, market volume has dipped by 42.52% to $964.05 million, signaling waning confidence among investors.
In earlier trading, WIF had dipped to a low of $2.66 after failing to stabilize at the $2.80 support level., it is still trading below the critical $3 mark. Within the last seven days, WIF soared to $3.96, with some anticipating a further climb to $4 and possibly testing its previous all-time high of $4.85.
With the recent whale sell-off, market watchers remain uncertain about WIF’s price movement. This is despite a prediction of Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments.
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