Dogwifhat whale sells 10 million WIF tokens on Coinbase

Whale’s significant sale triggers speculation: The sale by a dogwifhat whale of 10 million WIF tokens instigated significant speculation among cryptocurrency traders, indicating a potential shift in the token’s market dynamics. The transaction’s valuation at 10,000,000 USD signals KEY market activity.

Profit highlights successful investment strategy: Originally, the whale invested 9,300 SOL, roughly 1,020,000 USD, ten months ago, acquiring these tokens. This move yielded a profit of about 8,480,000 USD, demonstrating a successful investment strategy over the period, especially as the WIF token price increased.

Market positivity despite selling pressure: Despite the whale’s sell-off, WIF experienced a 2.5% price rise to 3.54 USD on the transaction day. With recorded significant outflows and a recent listing on Robinhood, trader interest remains strong, indicating a resilient market outlook for WIF.