#Whale dumps WIF#
Hot Topic Overview
Overview
Recently, a whale named "layercake.sol" has been selling its holdings of 3.63 million WIF, worth approximately $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. This sell-off has caused fluctuations in the price of WIF, but the whale has already made a total profit of $4.43 million on WIF.
Ace Hot Topic Analysis
Analysis
According to 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 as early as December 13, 2023, when WIF's market cap was only $3M. Through this sale, the whale has made a total profit of $4.43 million on WIF. The whale's DCA strategy to sell WIF has attracted market attention, with some analysts believing it may be due to the whale's cautious outlook on WIF's future development or an attempt to cash out profits. Currently, WIF's price has experienced some fluctuations due to the whale's selling activity.
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 at a higher price to make a profit
Whale's selling behavior may have some impact on the price of WIF
DCA strategy is a common investment strategy that can help investors reduce risk in market fluctuations