The cryptocurrency market experienced a significant disturbance as the price of Dogwifhat (WIF) plummeted. This decline was triggered by a large-scale sell-off from a major holder, commonly referred to as a whale.
The whale offloaded 850,000 WIF tokens in a single transaction, resulting in the currency losing over 15% of its value in just one day. Such large transactions can lead to significant market volatility.
This event highlights the impact that whales have on cryptocurrency markets, especially on tokens with lower liquidity and market cap like Dogwifhat (WIF).
