A WIF giant whale borrowed leverage to continue to increase his holdings and go long the token, accumulating over $68 million in profits
According to Lookonchain's monitoring, a whale holding a large amount of $WIF tokens continues to increase his holdings of $WIF and is bearish on the token after having already made over $68 million in profits. Over the past three days, the whale deposited 21.9 million $WIF (about $35.48 million) into Kamino and borrowed $2.61 million USDC to buy about 1.8 million $WIF at a buying price of $1.50 each.
Notably, the whale had purchased 19.86 million $WIF between December 13 and 15, 2023, at a cost of $226,000 for only $0.0114 USD. He then registered the domain name “binance-insider.sol” and purchased 17.23 million $WIF for 86,738 $SOL (about $8.92 million) in one transaction.
Currently, the whale holds $27.2 million in WIF (about $44.36 million) and has accumulated more than $68 million in profits.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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