Dogwifhat (WIF) has recently become the focus of the meme currency market. Since its launch in November last year, it has achieved a 10,000-fold increase in less than 4 months, and the increase in the past month is still 634%.
When WIF was skyrocketing, a whale who suspected that he knew that Binance would list WIF and bought WIF in an early stage attracted attention. According to Lookonchain monitoring, in December last year, a wallet address spent a total of US$225,797 to buy 19.86 million WIF at an average price of US$0.01137.
Then on January 11 this year, the wallet address set the name "binance-insider.sol" (Binance Insider.sol) and spent 86,738 SOL ($8.65 million) in a transaction to buy With 17.22 million WIF, it became the second largest holder of WIF and attracted the attention of Lookonchain.
As Binance subsequently opened perpetual contracts and spot trading, WIF prices continued to soar, and binance-insider.sol's positions made huge profits. According to Lookonchain statistics, this address has purchased a total of 37.5 million WIF so far, with an average purchase price of US$0.25. The current position value has reached US$67.5 million, and the unrealized profit is approximately US$58 million.
In addition, the dynamics of another whale who is suspected of having the news of listing on Binance have also attracted much attention. According to Lookonchain monitoring, after Binance announced the listing of WIF, a whale sold 1 million WIF at a price of US$1.64 ( approximately US$1.64 million) to take profits.
From December 27, 2023 to January 2, 2024, this giant whale purchased a total of 5 million WIF ($914,000) at an average price of $0.18, and then sold a total of 5 million WIFs ($914,000) on March 1 and 5. 3 million WIF (3.66 million U.S. dollars), with an average selling price of 1.21 U.S. dollars. Currently, the whale still holds 2 million WIF (3.32 million U.S. dollars), with a total profit of more than 6 million U.S. dollars.
