Dogwifhat Whale's Bold Strategy: $44M in WIF and Rising Profits

Dogwifhat (WIF) has recently seen significant activity from its largest holder, who is increasing their position in the cryptocurrency. This whale, who has already realized over $68 million in profit from WIF, is demonstrating a strong bullish stance by adding to their holdings.

Major Transactions in Recent Days

In just the past three days, the whale deposited 21.9 million WIF—worth approximately $35.48 million—into Kamino, a decentralized finance (DeFi) protocol. Alongside this, the whale borrowed 3.24 million USDC and used 2.7 million USDC to purchase 1.8 million WIF. 

This bold move underscores a high level of confidence in WIF’s future performance. Earlier, between December 13 and December 15, 2023, this investor spent $226,000 to acquire 19.86 million WIF at a rate of $0.0114 per token. 

Additionally, they made a significant purchase of 17.23 million WIF by spending 86,738 SOL, totaling about $8.92 million, in one transaction. The whale even registered the domain "binance-insider.sol," further indicating a deep commitment to the asset.

Current Holdings and Profit

At present, the whale holds 27.2 million WIF, valued at $44.36 million. This substantial position reflects a total profit exceeding $68 million. 

The details of these transactions can be verified through Solscan, with the whale's account accessible for review. The continued investment and large transactions by this prominent whale suggest a strong belief in WIF’s growth potential.