According to Foresight News, four major cryptocurrency holders, known as 'whales', have sold 5.68 million WIF, equivalent to approximately $12.41 million, following a market downturn. The 9WHHoq address sold 3.12 million WIF at $2.35 each, converting it into 7.34 million USDC. The BdvbXr address sold 1.016 million WIF at $1.9 each, converting it into 1.93 million USDC. The 85Abtu address sold 905,074 WIF at $2.08 each, converting it into 1.88 million USDC. Lastly, the DpJGh2 address sold 641,598 WIF at $1.97 each, converting it into 1.26 million USDC. This move by the whales comes in the wake of a market slump, indicating a possible strategy to mitigate losses or secure profits.