The sizzling dip in the worth of the crypto token $WIF has compelled the whales to catch unbelievable choices. On this admire, a whale has reportedly incurred a loss in selling $WIF tokens to possess $BONK and $TREMP coins after a valuable dip took inform in the worth. Lookonchain, a smartly-identified on-chain analytics platform, supplied the facts of this trend on its legit X myth.
A whale is selling 1.7M $WIF($4.4M) at a loss to possess $tremp and $BONK after the $WIF designate dropped.
Which caused the worth of $tremp and $BONK to amplify.
The whale spent 25,682 $SOL($5M) to possess 1.7M $WIF at $2.94 on Mar 17.
After the $WIF designate dropped, he started selling… pic.twitter.com/Ad8mdvLc50
— Lookonchain (@lookonchain) Would maybe perchance simply 19, 2024
A Whale Incurs Losses by Promoting $WIF to Aquire $BONK and $TREMP Tokens Amid a Mark Dip
As per the on-chain analytics provider, the whale reportedly sold as a lot as 1.7 million $WIF tokens. Lookonchain added that the whale intended to possess $BONK and $tremp tokens in return for that sale. The worth of the respective tokens was almost about $4.4 million when the whale was selling them. The sizzling descend in the worth of the $WIF coin doubtlessly contributed to the respective match.
While offering the background of this dash, Lookonchain discussed how the whale sold the $WIF tokens in the first inform. It published that the whale spent as a lot as 25,682 $SOL tokens for that cause. By utilizing these $SOL tokens, with a designate of virtually about $5 million, the whale reportedly bought 1.7 million $WIF coins. This took inform on the 17th of March this twelve months when the worth of the $WIF token was roughly $2.94.
The Whale Sells 1.7 Million $WIF Cumulatively for $BONK and $TREMP
Nonetheless, a sheer decline in the token’s designate paved the advance for the drastic choices. Lookonchain talked about that the whale moved forward to skills loss by selling the $WIF tokens. Due to this of this truth, the whale began to possess $BONK and $tremp tokens.
As a outcomes of this, the worth of the $BONK and $TREMP tokens began to elevate. Up till now, the whale has sold 1.28 million $WIF (almost about $3.3 million) for 127.16 billion $BONK. Moreover, he has sold nearly 410,688 $WIF (equaling $1.06 million) for almost about 966K $tremp.
