#Whale dumps WIF#

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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. After holding for a long time, the whale's total profit on WIF reached $4.43 million. This event has attracted market attention, and many people speculate whether the whale's selling behavior will have a negative impact on the WIF price.

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Analysis

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. Through this sale, the whale has made a total profit of $4.43 million on WIF. This event has attracted market attention because the whale's selling behavior could have an impact on the price of WIF. It is unclear why the whale is selling WIF, but some analysts believe it may be to take profits or to adjust its portfolio.

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Classic Views

Whale sells WIF through DCA strategy, making a huge profit

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Whale invested in WIF early and profited after the price rose

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Whale's selling behavior may have some impact on WIF price

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DCA strategy is a common investment strategy that can reduce investment risk

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