#Whale dumps WIF#
Hot Topic Overview
Overview
Recently, a whale named "layercake.sol" has been selling 3.63 million WIF, worth $5.81 million, through a DCA strategy. The whale entered the WIF market as early as December 13, 2023, when WIF's market cap was only $3 million. Currently, the whale's total profit on WIF has reached $4.43 million. This event has attracted market attention, and people are speculating whether the whale's selling behavior will have a negative impact on the WIF price.
Ace Hot Topic Analysis
Analysis
According to blockchain analytics platform Lookonchain, a whale known as "layercake.sol" is selling 3.63 million WIF, worth $5.81 million, through a DCA strategy. The whale entered WIF on December 13, 2023, when WIF's market cap was only $3 million. Through the DCA strategy, the whale has made a total profit of $4.43 million on WIF. The whale's selling activity has raised concerns about the price trend of WIF in the market. Some analysts believe that the whale's selling activity could have a negative impact on the price of WIF to some extent. However, other analysts believe that the whale's selling activity may be for profit and does not necessarily mean that the future trend of WIF will be affected. Currently, the price trend of WIF still needs further observation.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Whale sells WIF through DCA strategy, making a huge profit
Whale buys WIF at a lower price and sells it through DCA strategy when the price rises
Whale's selling behavior may have some impact on the price of WIF
Whale's selling behavior may also reflect its expectations for the future price of WIF