#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 WIF on December 13, 2023, when WIF's market cap was only $3 million. This sell-off has caused WIF's price to drop, but the whale still has a total profit of $4.43 million on WIF.
Ace Hot Topic Analysis
Analysis
Recently, a whale named "layercake.sol" sold 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 $3 million. Through this sale, the whale's total profit on WIF reached $4.43 million. This event has raised concerns about the price trend of WIF in the market. Some analysts believe that the whale's sale could have a negative impact on the price of WIF. However, other analysts believe that the whale's sale may just be part of its investment strategy and will not have a substantial impact on the long-term development of WIF. Currently, the price trend of WIF still needs to be observed, and the market's reaction to this event is also worth noting.
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 low 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 bearish attitude towards the future price of WIF