Key Takeaways
- A Dogwifhat whale offloaded nearly $3M token creating concerns among global investors and traders.
- As per the reports, the Dogwifhat liquidations surged to $1.76 billion recently.
- It is expected that WIF is capable of achieving the previous all-time high of $4.85 if WIF could cross the resistance level of the $4 mark.
- If WIF crosses the all-time high then it could create a positive momentum for an uplift towards the mark of $10.
- The price of the WIF may recover and fluctuate between $15.5 and $16 by the end of 2025.
A Dogwifhat whale decided to offload nearly $3 M tokens creating concerns among global investors and traders. According to the on-chain stats in the middle of a turbulent crypto market, the whale moved millions of WIF to Coinbase.
This whale activity created bearish sentiment among investors in the middle of the broader crash. The WIF price fluctuated around 3% intraday in the middle of the massive dump to the crypto exchange. The future projections of this dog-themed meme coin are speculated by the crypto enthusiast amid such market events.
According to the data a Dogwifhat whale transferred 1.2 million tokens worth $3.47 million to the Coinbase crypto exchange. As per the expectations the whale accumulated this much amount of WIF roughly eleven months ago.
The whale investment must be approximately $393K.
Now the market trend is bullish due to the victory of Trump in the US elections. In the existing market trend, the bull’s holdings may have delivered him a notable profit of $3 million. It is important to note that the dump comes against the background of recent volatility that is reflected across the broader sector.
The reports suggest that the crypto liquidations surged to $1.76 billion recently. These fluctuations are primarily affecting the altcoins. The liquidations of Dogwifhat on December 9 and 10th combined to $22million.
The existing market conditions in the middle of huge liquidations can be considered as the reason behind investor apprehensiveness or profit booking. Traders and investors speculate about the top meme coins’ future price predictions in light of these factors.
At the time of reporting this WIF price surged nearly 3.5 % intraday and is trading at $2.97, the token upsurged 1.07% in the last 24 hours. The 24-hour low of the coin is $2.66 and the 24-hour high is $3.01. The all-time high of the token was $4.85 and currently, it trades 41% below its all-time high value. There is uncertainty over the token’s future movements due to the whale sell-off and other market conditions.
It is expected that the token is capable of achieving the previous all-time high of $4.85 if the token can cross the resistance level of $4 mark. Crossing this all-time high could create a positive momentum for an uplift towards the mark of $10. The market fluctuations are observed by the market watchers for the price action shift in the future.
Future Predictions of Dogwifhat
In the upcoming year, the token is expected to experience a fresh surge in price. This surge is expected to push the price of the token above $14 with minimal resistance. This optimistic trend could drive the positive sentiment and increase the investor interest. This trend could support the price surge of the token into new heights by the middle of next year.
In this period the market activity gets heightened which in turn results in substantial price corrections. There is a possibility of halving the token value in the middle of the year due to the heightened selling pressure. By the end of next year, the price of the token may recover and fluctuate between $15.5 and $16. The investor’s confidence in the potential of the token’s fundamentals and future developments could support the recovery phase of the token.
