Memecoins are in red this week as most sectors of the crypto market struggle. Dogwifhat (WIF) has not been the exception. The memecoin sensation of Q1 saw a significant price drop following the movements of a whale. Recently, an address transferred millions of WIF to a crypto exchange, which ignited speculation about who was behind the transaction.
Related Reading
6 Million WIF To Binance
On Friday, reports of a massive WIF transfer to Binance hit the crypto community. Per the report, one of the top dogwifhat holders moved millions to the largest crypto exchange.
The whale transferred 5.97 million WIF, worth around $11 million, on June 21. Additionally, the address offloaded 48 million Trump Coin (DJT), approximately $500,000.
After the news, the crypto community began speculating who was behind the transfer. Some users claimed the whale was crypto trader Ansem, who was very vocal about WIF. The trader was also part of the Las Vegas Sphere project, where users donated around $700,000 to project the token’s image in the Sphere.
Users on X criticized Ansem for the alleged deposit, expressing their disappointment in his “capitulation”. Some investors took the opportunity to express their discontent with the trader for “grifting and dumping on investors.”
The discussion sparked an important conversation: should Key Opinion Leaders (KOLs) not move their money? One user considers that Ansem, and all KOLs, are free to do what they want with their money. The user argued that KOLs are subjected to criticism regardless of their route.
When people sell before you do, they are “jeet”. When KOLs sell some of their holdings or even move it around, they are “pump and dampers”.
Several community members agreed and questioned if KOLs are “obligated” to hold a token until investors are happy with their profits. However, others argue that community members are “arbiters” of traders’ reputations.
Dogwifhat Take A Blow, But Was It Ansem?
Despite the rumors, online reports suggest the wallet is not linked to the crypto trader. After deep-diving into the address, a community member found that the address was not associated with Ansem.
The post notes that the only reason it was linked to the trader was the large WIF balance and many Solana memecoins.
However, the address has a record of selling their token at a loss “to FOMO into new shiny stuff.” Furthermore, the wallet seems to be linked to a now-deleted X account. At the time of writing, the trader has not acknowledged the rumors.
After the reports, WIF’s price dropped from the $1.90 to the $1.80 price range. On the last day, the memecoin plunged from the $2.15 mark, representing a 13% decrease.
Related Reading
The token has also seen a 25.3% and 36.1% drop in the weekly and monthly timeframes. Crypto analyst Bluntz forecasted a bearish $1 target for the dog-themed memecoin. Ultimately, the analyst stated that a descent to the $1 support level was “inevitable” before the “next parabolic leg.” As of this writing, WIF is trading at $1.83.
Featured Image from Unsplash.com, Chart from TradingView.com
Memecoins are in red this week as most sectors of the crypto market struggle. Dogwifhat (WIF) has not been the exception. The memecoin sensation of Q1 saw a significant price drop following the movements of a whale. Recently, an address transferred millions of WIF to a crypto exchange, which ignited speculation about who was behind the transaction.
Related Reading
6 Million WIF To Binance
On Friday, reports of a massive WIF transfer to Binance hit the crypto community. Per the report, one of the top dogwifhat holders moved millions to the largest crypto exchange.
The whale transferred 5.97 million WIF, worth around $11 million, on June 21. Additionally, the address offloaded 48 million Trump Coin (DJT), approximately $500,000.
After the news, the crypto community began speculating who was behind the transfer. Some users claimed the whale was crypto trader Ansem, who was very vocal about WIF. The trader was also part of the Las Vegas Sphere project, where users donated around $700,000 to project the token’s image in the Sphere.
Users on X criticized Ansem for the alleged deposit, expressing their disappointment in his “capitulation”. Some investors took the opportunity to express their discontent with the trader for “grifting and dumping on investors.”
The discussion sparked an important conversation: should Key Opinion Leaders (KOLs) not move their money? One user considers that Ansem, and all KOLs, are free to do what they want with their money. The user argued that KOLs are subjected to criticism regardless of their route.
When people sell before you do, they are “jeet”. When KOLs sell some of their holdings or even move it around, they are “pump and dampers”.
Several community members agreed and questioned if KOLs are “obligated” to hold a token until investors are happy with their profits. However, others argue that community members are “arbiters” of traders’ reputations.
Dogwifhat Take A Blow, But Was It Ansem?
Despite the rumors, online reports suggest the wallet is not linked to the crypto trader. After deep-diving into the address, a community member found that the address was not associated with Ansem.
The post notes that the only reason it was linked to the trader was the large WIF balance and many Solana memecoins.
However, the address has a record of selling their token at a loss “to FOMO into new shiny stuff.” Furthermore, the wallet seems to be linked to a now-deleted X account. At the time of writing, the trader has not acknowledged the rumors.
After the reports, WIF’s price dropped from the $1.90 to the $1.80 price range. On the last day, the memecoin plunged from the $2.15 mark, representing a 13% decrease.
Related Reading
The token has also seen a 25.3% and 36.1% drop in the weekly and monthly timeframes. Crypto analyst Bluntz forecasted a bearish $1 target for the dog-themed memecoin. Ultimately, the analyst stated that a descent to the $1 support level was “inevitable” before the “next parabolic leg.” As of this writing, WIF is trading at $1.83.
Featured Image from Unsplash.com, Chart from TradingView.com
![Toncoin [TON] to outperform Bitcoin? Investors wait with bated breath](https://coininsights.com/wp-content/uploads/2024/05/MD-3-TON-santiment-alt-compressed-120x86.png)
cost generic clomiphene without a prescription clomiphene or serophene for men clomid price walmart can i purchase cheap clomid without a prescription how to buy cheap clomid without dr prescription how to buy cheap clomid without prescription buying cheap clomid no prescription
Greetings! Jolly useful recommendation within this article! It’s the scarcely changes which wish espy the largest changes. Thanks a lot towards sharing!
Thanks towards putting this up. It’s evidently done.
azithromycin 250mg sale – order ciplox 500 mg buy metronidazole 400mg sale
rybelsus price – buy cheap semaglutide cyproheptadine online buy
oral motilium 10mg – sumycin 250mg over the counter order cyclobenzaprine for sale
buy inderal without a prescription – propranolol cost methotrexate 2.5mg ca
buy amoxil pills – ipratropium 100mcg over the counter order ipratropium 100mcg generic
buy zithromax without a prescription – purchase bystolic nebivolol cost
augmentin 375mg without prescription – https://atbioinfo.com/ where to buy acillin without a prescription
order esomeprazole 20mg sale – nexiumtous order nexium online
buy generic medex online – https://coumamide.com/ buy losartan
order mobic 15mg without prescription – moboxsin.com buy meloxicam generic
buy deltasone 5mg without prescription – aprep lson buy prednisone tablets
best ed pill for diabetics – fastedtotake.com over the counter ed pills that work
purchase amoxicillin without prescription – https://combamoxi.com/ generic amoxicillin
buy fluconazole generic – https://gpdifluca.com/ diflucan online buy
buy escitalopram 20mg online cheap – buy generic lexapro for sale lexapro 20mg pill
buy cenforce 100mg for sale – https://cenforcers.com/# order cenforce pills
most recommended online pharmacies cialis – tamsulosin vs. tadalafil cialis prices at walmart
tadalafil without a doctor prescription – where to buy cialis over the counter evolution peptides tadalafil
ranitidine 300mg us – aranitidine ranitidine 150mg brand
cheap viagra uk site – viagra buy no prescription canada viagra sale liverpool
Thanks an eye to sharing. It’s first quality. https://gnolvade.com/
This is the kind of literature I truly appreciate. azithromycin 500mg drug
The sagacity in this ruined is exceptional. https://ursxdol.com/prednisone-5mg-tablets/
This is the kind of criticism I in fact appreciate. https://prohnrg.com/product/cytotec-online/
More articles like this would pretence of the blogosphere richer. https://aranitidine.com/fr/prednisolone-achat-en-ligne/
More posts like this would prosper the blogosphere more useful. https://ondactone.com/simvastatin/
This website positively has all of the low-down and facts I needed there this case and didn’t positive who to ask. http://iawbs.com/home.php?mod=space&uid=914826
forxiga 10mg sale – https://janozin.com/# dapagliflozin price
xenical order – https://asacostat.com/ order orlistat 120mg online
The thoroughness in this section is noteworthy. http://anja.pf-control.de/Musik-Wellness/member.php?action=profile&uid=4745