2024

Solana

USDC

Coin

<ul class="news-points"> 
 <li>Large investor buys new Solana memecoin WIF.</li> 
 <li>WIF price surges nearly 7% after activity.</li> 
 <li>SOL token also sees price increase, fueling speculation.</li> 
</ul> 
On-chain analytics platform Lookonchain identified significant trading activity surrounding WIF, a recently launched memecoin on the Solana blockchain. In a post, Lookonchain revealed that an unknown large investor has been accumulating substantial amounts&nbsp; of WIF, potentially impacting the memecoin’s market performance. 
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 A whale is buying <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$WIF</a>! The whale created a new wallet and withdrew 1.83M <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$USDC</a> from <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Coinbase</a> to buy <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$WIF</a>. So far, he has spent 606K <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$USDC</a> to buy 227,896 <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$WIF</a> at $2.66, with 1.22M <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$USDC</a> left. The purchase is in progress.<a href="https://t.co/zx87XThnnR" target="_blank" rel="nofollow">https://t.co/zx87XThnnR</a> <a href="https://t.co/ygP8em3dAu" target="_blank" rel="nofollow">pic.twitter.com/ygP8em3dAu</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1792421362986049785?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">May 20, 2024</a>
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Lookonchain provided transaction data highlighting the investor’s creation of a new wallet and the subsequent transfer of 1.83 million USDC to purchase WIF. As of the post’s publication, the investor had spent 606,000 USDC to acquire 227,896 WIF, leaving a remaining balance of 1.22 million USDC. 
WIF’s price responded to this activity in the early hours of Monday’s trading session. The Sol…
The post <a href="https://coinedition.com/whale-alert-wif-price-jumps-on-solana-after-investor-move/">Whale Alert: WIF Price Jumps on Solana After Investor Move</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Whale Alert: WIF Price Jumps on Solana After Investor Move

Coin Edition

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