Close Menu
    What's Hot

    Ethereum Rises 6.5% in the Last 24 Hours, Surpassing $3,800: Reasons Explained

    Aug. 7, 2025

    Co-Founder of Tornado Cash Convicted for Operating an Unlicensed Money Transmission Service

    Aug. 7, 2025

    Three Cryptocurrencies Demonstrating Bullish Momentum Due to Exchange Listings and Hype

    Aug. 7, 2025
    Facebook X (Twitter) Instagram
    X (Twitter) Telegram
    Chain Tech CatcherChain Tech Catcher
    Subscribe
    • Home
    • News
    • Bitcoin
    • Altcoin
    • Ethereum
    • Blockchain
    • Ripple
    • Cardano
    • All Posts
    Chain Tech CatcherChain Tech Catcher
    Home ยป Major investors sell off meme cryptocurrency Dogwifhat whats next for the price
    Altcoin

    Major investors sell off meme cryptocurrency Dogwifhat whats next for the price

    By adminJun. 21, 2024No Comments2 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Major investors sell off meme cryptocurrency Dogwifhat  whats next for the price
    Major investors sell off meme cryptocurrency Dogwifhat whats next for the price
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The large holders of Dogwifhat (WIF), often referred to as whales, triggered a price decline by selling significant portions of their holdings.

    This selling pressure deepened the downward trend, with WIF losing 21% of its value in the past week and over 32% in the last month.

    According to reports, one of Dogwifhat’s major whales transferred 5.97 million WIF worth just over $12 million to Binance, exacerbating the recent downward trend of the coin.

    Earlier in the week, another whale liquidated tokens worth approximately $3.5 million within a short period of time.

    As a result of these massive sell-offs, the price of WIF dropped sharply by 7% in just the past 24 hours, falling below the key support level of $2 and settling at $1.89 at the time of writing.

    Furthermore, Dogwifhat’s market capitalization also decreased by just over 7% to $1.883 billion. Despite the price decline, the trading volume of WIF increased by around 5% in the last 24 hours, reaching $399.3 million, indicating increased market activity driven by reactions to recent whale sell-offs.

    Looking ahead, with the breach of the $2 support level and continued selling pressure from large investors, the prospects for Dogwifhat remain bearish. Unless there is a significant shift in market sentiment or a return of confidence in the cryptocurrency, further declines in WIF can be expected soon.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticlePantera Capital Report Affirms Solana as the macOS of Blockchain
    Next Article Revolut Aims to Become the Most Valuable Startup in Europe

    Related Posts

    Ethereum Rises 6.5% in the Last 24 Hours, Surpassing $3,800: Reasons Explained

    Aug. 7, 2025

    Three Cryptocurrencies Demonstrating Bullish Momentum Due to Exchange Listings and Hype

    Aug. 7, 2025

    Dogecoin Price Forecast: Analysts Anticipate Bullish Momentum Despite Short-term Correction Risks

    Aug. 7, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Is the Bitcoin Correction Approaching Its Conclusion? Analyst Forecasts Upcoming Movement

    Feb. 26, 20259 Views

    Bitcoin Cash Poised to Break 250 Mark

    Nov. 28, 20198 Views

    Cardano ADA Moves Towards 060 Resistance Level

    Aug. 1, 20226 Views
    Don't Miss

    Ethereum Rises 6.5% in the Last 24 Hours, Surpassing $3,800: Reasons Explained

    Altcoin Aug. 7, 2025

    Ethereum Surges Amid Institutional DemandEthereum surged 6.63% in the past 24 hours breaking above $…

    Co-Founder of Tornado Cash Convicted for Operating an Unlicensed Money Transmission Service

    Aug. 7, 2025

    Three Cryptocurrencies Demonstrating Bullish Momentum Due to Exchange Listings and Hype

    Aug. 7, 2025

    Dogecoin Price Forecast: Analysts Anticipate Bullish Momentum Despite Short-term Correction Risks

    Aug. 7, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    About Us
    About Us

    Keep up with blockchain through Chain Tech Catcher. Gain insights on crypto, DApps, & innovations. Stay informed in this evolving landscape!

    X (Twitter) Telegram
    Most Popular

    Is the Bitcoin Correction Approaching Its Conclusion? Analyst Forecasts Upcoming Movement

    Feb. 26, 20259 Views

    Bitcoin Cash Poised to Break 250 Mark

    Nov. 28, 20198 Views

    Cardano ADA Moves Towards 060 Resistance Level

    Aug. 1, 20226 Views
    © 2025 Chain Tech Catcher All rights reserved.
    • Home
    • News
    • Bitcoin
    • Altcoin
    • Ethereum
    • Blockchain
    • Ripple
    • Cardano

    Type above and press Enter to search. Press Esc to cancel.