Massive Accumulation of This Meme Coin During the Dip – Hint: Not PEPE

Whale Accumulates $WIF Amidst Crypto Downturn

Traders typically respond to cryptocurrency market downturns with either panic selling or strategic accumulation. During the recent market decline, whales have opted for the latter, accumulating not PEPE, as was common in previous dips, but WIF.

WIF Token Price Drop and Whale Accumulation

The WIF token experienced a significant drop last week, losing over 20% of its value. It now trades around $1.47, with a market capitalization of $1.47 billion.

Despite the decline, LookOnChain reported that a whale has accumulated $13.59 million worth of WIF tokens from exchanges over the past four days.

Details of Whale Accumulation

The whale executed three separate transactions to acquire 9.57 million $WIF tokens:

• 775,660.00337 $WIF from Bybit
• 346,168.380753 $WIF from Bybit
• 8,450,564.117583 $WIF from Binance

Impact on Market Sentiment

The whale's accumulation of $WIF may positively influence market sentiment. If the bull run returns in October or November, the token's price could potentially rise significantly.

Conclusion

While heavy price pumps for meme coins remain uncertain, the whale's accumulation of $WIF suggests a potential for market growth once the current downturn subsides.