Dogwifhat (WIF), a Solana blockchain meme token, soared over 70% within the final 24 hours, pushed by substantial whale investments and hypothesis a couple of Binance itemizing.
The worth leap coincided with a flurry of enormous purchase orders from an investor often known as “Binanceinsider.sol.” Information from Lookonchain revealed that the whale purchased 17.22 million WIF tokens for round $8.65 million.
The numerous funding, along with the whale’s suggestive moniker, has fueled hypothesis a couple of potential Dogwifhat itemizing on Binance.
This isn’t the primary occasion of “binance-insider.sol” investing in WIF. Beforehand, the entity had bought about 20 million tokens for round $225,000.
Following the newest buy, “Binance-insider.sol” is now the second-largest holder of WIF, with a portfolio valued at almost $7 million.
Previously 24 hours, WIF has elevated by 70%, with buying and selling volumes reaching $35.8 million on decentralized exchanges, in keeping with DEXScreener. The token’s market capitalization is now over $230 million.
The rise has positioned WIF seventh amongst meme tokens by way of market capitalization, as per CoinMarketCap.
Though there was no official assertion from Binance concerning Dogwifhat’s itemizing, the neighborhood is eagerly awaiting any bulletins following the token’s swift worth rise and the actions of “binance-insider.sol.”
Dogwifhat has emerged as one of the crucial notable tokens within the Solana ecosystem, gaining prominence with Bonk (BONK) and different tokens throughout a surge in meme coin interest on the blockchain in December.