Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
A WIF giant whale borrowed leverage to continue to increase his holdings and go long the token, accumulating over $68 million in profits

A WIF giant whale borrowed leverage to continue to increase his holdings and go long the token, accumulating over $68 million in profits

Bitget2024/08/23 07:41
KMNO-1.43%SOL-2.69%WIF-5.07%

According to Lookonchain's monitoring, a whale holding a large amount of $WIF tokens continues to increase his holdings of $WIF and is bearish on the token after having already made over $68 million in profits. Over the past three days, the whale deposited 21.9 million $WIF (about $35.48 million) into Kamino and borrowed $2.61 million USDC to buy about 1.8 million $WIF at a buying price of $1.50 each.

Notably, the whale had purchased 19.86 million $WIF between December 13 and 15, 2023, at a cost of $226,000 for only $0.0114 USD. He then registered the domain name “binance-insider.sol” and purchased 17.23 million $WIF for 86,738 $SOL (about $8.92 million) in one transaction.

Currently, the whale holds $27.2 million in WIF (about $44.36 million) and has accumulated more than $68 million in profits.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
Starknet launches BTC staking integration upgrade
2
Analyst: Whales have sold 160 million XRP in the past two weeks

Crypto prices

More
Bitcoin
Bitcoin
BTC
$114,941.53
-0.90%
Ethereum
Ethereum
ETH
$4,526.55
-2.87%
XRP
XRP
XRP
$2.97
-3.57%
Tether USDt
Tether USDt
USDT
$1
+0.00%
BNB
BNB
BNB
$914.57
-2.60%
Solana
Solana
SOL
$233.4
-5.39%
USDC
USDC
USDC
$0.9998
+0.01%
Dogecoin
Dogecoin
DOGE
$0.2617
-9.96%
TRON
TRON
TRX
$0.3466
-0.89%
Cardano
Cardano
ADA
$0.8605
-5.75%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter