According to PANews, on-chain analyst Yu Jin has observed a significant increase in the price of WIF, resulting in a $134 million (+1440%) profit for the largest individual/institutional holder of WIF, with the address wifto100billy.sol (2Fcm...PE6d). The holder began purchasing WIF on December 13, 2023, through the address 5qYu....k3bf, and has since spent a total of $9.33 million to acquire 37.62 million WIF, equivalent to 3.76% of the total WIF supply. The average purchase price was $0.248. The purchased WIF was then transferred to the wifto100billy.sol (2Fcm...PE6d) address for storage, and no sales have been made to date.
The analyst mentioned that WIF's price surged to $4 today, with a market cap of $40 billion, surpassing PEPE to become the third-largest meme coin by market value, only behind DOGE with a market cap of $30.5 billion and SHIB with a market cap of $18.2 billion.
