Despite the continuous decrease in prices of Dogwifhat (WIF), the popular piece, based in Solana draws significant attention from crypto enthusiasts. Recently, the popular transactions tracker based on the ONCHAIN LENS blockchain shared an article on X (formerly Twitter), revealing that a newly created wallet withdrew 9.47 million WIF tokens worth 6.90 million dollars of binance.
Whale buys 9.50 million wif memes
Such a substantial withdrawal of WIF suggests that this whale may have known something on the memes piece, especially since its price continues to lower and that this newly created portfolio has carried out such transactions.
$ 6.60 million for WIF outputs
In addition to that, some long -term holders and investors have also accumulated the memes piece, as indicated by Clever. The data from the metrics of punctual inputs / outputs revealed that the exchanges have attended continuous WIF outings in the last three days after a period of entries. However, in the last 48 hours, exchanges have released $ 6.60 million in WIF Corners.
This massive release of exchanges indicates a potential accumulation of whales and long -term holders, which suggests that they could grasp the current market feeling and the drop in prices to buy a large amount of WIF coins. This accumulation could create potential purchase pressure once the feeling changes.
Current price momen
Despite these transactions and recent whale activities, the WIF price remains unchanged. Currently, the room even is negotiated nearly $ 0.72 and has dropped more than 8% in the last 24 hours. During the same period, its negotiation volume decreased by 8%, which indicates a lower participation of merchants and investors compared to previous days.
Traders are a strong interest in short positions
This lowered market feeling and the drop in continuous prices aroused notable interests on the part of short -term traders. At the time of the press, traders occupy short positions dominate the market.
The data show that traders occupying long positions are over-launched at $ 0.709, with $ 1.55 million in long positions. Conversely, at $ 0.752, merchants occupying short positions are over-deposed, holding $ 4.45 million in short positions.
This massive position in the open uncovered suggests that open sellers capitalize on the current feeling of the market to liquidate long positions.