Dogwifhat Whales Taking Profits: Will Price Correct?
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 11 2025Whale Profit Taking: An early investor in Dogwifhat (WIF), known as "EvSTe," sold 3.421 million tokens for $5.3 million, realizing a profit of $4.61 million and raising concerns about the token's price stability.
Market Reaction and Technical Analysis: Following the sell-off, WIF's price dropped by 1% to $1.59, with potential support at $1.55; further selling could lead to increased volatility and downward pressure on prices.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
