The leading holder of dogwifhat (WIF) is increasing their holdings while other major memecoin whales are selling off, as per data from blockchain tracking firm Lookonchain. The top WIF holder now possesses over 23 million WIF tokens after acquiring an additional 2.3 million tokens. They spent $4.65 million to buy the tokens at $2.03 each on June 25th. In total, their WIF holdings are valued at $49.6 million, resulting in a profit of approximately $83 million. This holder also made a single trade where they spent $8.65 million to purchase 17.22 million WIF using 86,738.1 SOL.

Meanwhile, another WIF whale, who had suffered significant losses from trading the memecoin, has also bought more WIF tokens. This particular whale lost $4.63 million on WIF but spent $3.77 million to purchase 2.06 million WIF after the price had risen. Their average buying price stands at $1.83, indicating that they sold at a low price and then bought at a higher price.

In addition, Lookonchain reports that a whale has sold off 700 billion Pepe (PEPE) tokens. The whale deposited $7.8 million worth of PEPE into Binance on June 24th, leaving them with 800 billion PEPE tokens valued at $9.23 million. This resulted in a total loss of approximately $3.5 million.

Lastly, Lookonchain highlights a whale who made substantial profits by selling their Shiba Inu (SHIB) holdings. The whale deposited 1.08 trillion SHIB tokens, worth $18.4 million, into Binance on June 24th, resulting in a profit of approximately $8.3 million. They had previously withdrawn 1.08 trillion SHIB (costing around $10.07 million) from Binance on November 24th, December 4th, and December 22nd, 2023, resulting in an unrealized profit of $29 million at the peak of SHIB.

As of now, WIF is trading at $2, experiencing a 3% drop in the last 24 hours. PEPE is trading at $0.00001254, down nearly 2% in the last 24 hours, while SHIB is trading at $0.00001733, down 3.5% in the last 24 hours.

Please note that The Daily Hodl does not provide investment advice, and investors should conduct their own research before engaging in high-risk investments. Transfers and trades are made at one’s own risk, and any losses incurred are the individual’s responsibility. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets and is not an investment advisor.