A cryptocurrency whale lost millions of dollars while trying to invest in meme coin.
Solana based meme coin to dogwifhat (WIF) An investor lost millions of dollars due to slipage. The whale in question took action on January 11 $6.25 million, $1.78 million And $893,000 He made three transactions worth whale about $9 million This process is still in the introductory phase 60% loss lived.
Such a large transaction made on a pool with low liquidity means that the investor is already caught in a huge price wave. from $0.228 traded WIF like 3 dollars led to him buying it at a price. As a result of this process, the whale’s unrealized loss: 5.7 million dollars It was recorded as.
Recently, a whale who identified himself as an insider made millions of dollars of purchases, leading to speculation that WIF might be listed on Binance.
According to CoinGecko data, WIF, which has increased by 67% in the last 24 hours, is traded at $ 0.2285 at the time of writing.