WIF whales have been active lately, with one whale in particular contributing to a lot of tension within the memecoin's market...
At press time, the prevailing market sentiment looked bearish, with top crypto assets noting massive downside momentum. This included the likes of Bitcoin , Ethereum , and Solana .revealed that five wallets, possibly belonging to the same person, sold 14.53 million WIF tokens. However, these massive dumps came on the back of the crucial $157- support level breaking down for Solana.
Amid this selling pressure, investors and traders believe that this SOL-based memecoin may soon fall to the $1-level. While this could be bad news for existing hodlers of the altcoin, for others, this could also be a perfect buying opportunity. If a lot of investors dive in, buying pressure might pull WIF back up the price charts.At press time, WIF was trading near the $1.69-level following a fall of 11% in 24 hours. Additionally, WIF’s Open Interest also dropped by 5.
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