WIF Dives 11% As Whale Stores Millions To Binance, Who’s Behind It? 


  • Memecoins are in ruddy this week as most segments of the crypto showcase battle. Dogwifhat (WIF) has not been the exemption. The memecoin sensation of Q1 saw a critical cost drop taking after the developments of a whale. As of late, an address exchanged millions of WIF to a crypto trade, which touched off hypothesis almost who was behind the transaction.

   1. 6 Million WIF To Binance

  • On Friday, reports of a gigantic WIF exchange to Binance hit the crypto community. Per the report, one of the beat dogwifhat holders moved millions to the biggest crypto exchange.
  • On June 21, the whale traded 5.97 million WIF, or around $11 million. Additionally, 48 million Trump Coin (DJT), or around $500,000., were offloaded from the address.
  • After the news, the crypto community started conjecturing who was behind the exchange. A few clients claimed the whale was crypto dealer Ansem, who was exceptionally vocal almost WIF. The dealer was moreover portion of the Las Vegas Circle extend, where clients given around $700,000 to venture the token’s picture in the Sphere.
  • Users on X criticized Ansem for the charged store, communicating their dissatisfaction in his “capitulation”
  • The discourse started an vital discussion: ought to Key Conclusion Pioneers (KOLs) not move their cash? One client considers that Ansem, and all KOLs, are free to do what they need with their cash. The client contended that KOLs are subjected to feedback in any case of their route.
  • When individuals offer some time recently you do, they are “jeet”. When KOLs offer a few of their property or indeed move it around, they are “pump and dampers”.
  • Several community individuals concurred and addressed if KOLs are “obligated” to hold a token until speculators are cheerful with their benefits. However, some argue that members of the community are "arbiters" of dealers' reputations.
   2. Dogwifhat Take A Blow, But Was It Ansem?

  • Despite the rumors, online reports propose the wallet is not connected to the crypto dealer. A community member concluded that the address had nothing to do with Ansem after investigating it in great detail.
  • The post notes that the as it were reason it was connected to the dealer was the expansive WIF adjust and numerous Solana memecoins.
  • However, the address has a record of offering their token at a misfortune “to FOMO into unused glossy stuff.” Besides, the wallet appears to be connected to a now-deleted X account. The dealer has not acknowledged the rumors at the time of writing.
  • After the reports, WIF’s cost dropped from the $1.90 to the $1.80 cost run. On the final day, the memecoin dove from the $2.15 check, speaking to a 13% decrease.
  • The token has too seen a 25.3% and 36.1% drop in the week after week and month to month timeframes. Bluntz, a cryptocurrency inspector, predicted a pessimistic $1 aim for the memecoin with a dog motif. Eventually, the investigator expressed that a plunge to the $1 back level was “inevitable” some time recently the “next illustrative leg.” As of this composing, WIF is exchanging at $1.83.