The primary holder of WIF (WIF) is actively increasing their stake, contrasting with other large memecoin holders who are divesting, as per on-chain data.

According to blockchain analytics firm Lookonchain, the top WIF holder now possesses over 23 million tokens after acquiring an additional 2.3 million. “The largest WIF holder spent $4.65 million USDC to purchase 2.3 million WIF at $2.03 on June 25th! Their current holdings stand at 23.39 million WIF ($49.6 million), marking a profit of approximately $83 million from WIF! They also made an $8.65 million investment in 17.22 million WIF using 86,738.1 SOL in a single transaction.”

Source: Lookonchain/X

As of the latest update, WIF is trading at $2, reflecting a nearly 3% decrease over the past 24 hours.

Meanwhile, another significant WIF holder who previously incurred substantial losses has reinvested, notes Lookonchain. “This investor, who faced losses amounting to $4.63 million with WIF, spent $3.77 million USDT to acquire 2.06 million WIF after the coin’s price rise. Their average purchase price stands at $1.83, indicating a strategy of selling low and buying back high.”

Additionally, Lookonchain reports a substantial sell-off by a PEPE token holder, depositing 700 billion PEPE ($7.8 million) into Binance on June 24th, reducing their holdings to 800 billion PEPE ($9.23 million) and incurring a total loss of approximately $3.5 million.

Source: Lookonchain/X

At the time of writing, PEPE is trading at $0.00001254, reflecting a nearly 2% decline over the last 24 hours.

Lastly, Lookonchain highlights a whale who has profited significantly from selling off their Shiba Inu (SHIB) holdings. “This investor deposited a total of 1.08 trillion SHIB ($18.4 million) into Binance on June 24th, resulting in profits of approximately $8.3 million! They had withdrawn 1.08 trillion SHIB (costing around $10.07 million) from Binance in transactions dated November 24th, December 4th, and December 22nd, 2023, amassing an unrealized profit of $29 million at SHIB’s peak!”

Source: Lookonchain/X

SHIB is currently trading at $0.00001733, down by 3.5% in the past 24 hours.

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