dogwifhat whale buys 1.5M tokens – Is it a sign of WIF turning bullish?

Amidst a continued market downtrend, on August 23, 2024, the largest WIF holder purchased over 1.8 million tokens worth $2.61 million.

The memecoin’s major liquidation levels were near the $1.57 level on the lower side and $1.65 on the upper side.

However, from the 13th to the 15th of December 2023, this whale spent $226K and purchased 19.86 WIF tokens at an average price of $0.00114. However, WIF’s Open Interest has remained unchanged over the last 24 hours, according to the on-chain analytic firm Coinglass.According to AMBCrypto’s technical analysis, WIF looked bullish despite trading below the 200 Exponential Moving Average on a daily time frame.

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