Since July 2024, the Solana-based meme coin Dogwifhat (WIF) has seen its price drop by over 43%. In a notable market move, the largest WIF holder bought 1.8 million tokens valued at $2.7 million on August 23, 2024.
This significant purchase has generated speculation about a potential bullish reversal for the meme coin.
The substantial buy was confirmed via a post on social media platform X.