Whale Alert: WIF Price Jumps on Solana After Investor Move
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- Large investor buys new Solana memecoin WIF.
- WIF price surges nearly 7% after activity.
- SOL token also sees price increase, fueling speculation.
On-chain analytics platform Lookonchain identified significant trading activity surrounding WIF, a recently launched memecoin on the Solana blockchain. In a post, Lookonchain revealed that an unknown large investor has been accumulating substantial amounts of WIF, potentially impacting the memecoin’s market performance.
Lookonchain provided transaction data highlighting the investor’s creation of a new wallet and the subsequent transfer of 1.83 million USDC to purchase WIF. As of the post’s publication, the investor had spent 606,000 USDC to acquire 227,896 WIF, leaving a remaining balance of 1.22 million USDC.
WIF’s price responded to this activity in the early hours of Monday’s trading session. The Sol…
The post Whale Alert: WIF Price Jumps on Solana After Investor Move appeared first on Coin Edition.
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