A single Solana (SOL) trader has made a substantial investment in Dogwifhat (WIF), a meme coin that is just getting started in the cryptocurrency space. This has sparked a lot of curiosity and conjecture within the community. The blockchain analytics firm Lookonchain recently tweeted that a trader who wishes to remain anonymous withdrew a substantial amount from Binance totaling 16,160 SOL, or almost $2.15 million.
https://x.com/lookonchain/status/1763470154095288356?s=20
After then, an incredible 2.43 million WIF tokens were bought with the money, each costing $0.8871. The trader’s intentions and potential insider knowledge have come under scrutiny in light of this large transaction. The market has reacted positively to this action, and WIF’s price has increased significantly. With a growth of 16.42% in the previous day and 334.97% in the last 30 days, the price of Dogwifhat is currently at $0.9762.
Robinhood lists Dogwifhat
The latest developments surrounding Robinhood Crypto Europe have added to the positive feeling around Dogwifhat. Robinhood, a well-known financial services business best known for its trading app, has discreetly added WIF to its list of supported assets for its European cryptocurrency trading platform. This change remained unnoticed.
The admission of WIF is noteworthy because Robinhood did not formally announce its participation. However, Robinhood’s European users may now trade the meme currency, which might lead to the development of a new market for the Solana-based asset. Dogwifhat’s addition to Robinhood coincides with the rising popularity of meme currencies in the Solana ecosystem—which had a major spike in interest in December 2023.
As part of this trend, WIF and other tokens like Bonk (BONK) have been gaining interest. The cryptocurrency world is buzzing with speculation and excitement about the unexpected change of events that has led to rapid interest in and investment in Dogwifhat, especially from a major trader in Solana. Many are curious to see how this plays out.
