Solana memecoin Dogwifhat (WIF) is gaining attention following significant whale accumulations. Over the last two weeks, two whale addresses have purchased a total of 20.58 million WIF tokens, valued at $33.35 million.
These acquisitions are raising hopes for a price recovery, despite the market's current consolidation phase. Whale activities often signal potential market movements, generating optimism among investors.
With such significant investments, on-chain metrics indicate a possible bullish trend for WIF, suggesting this could be a turning point for the memecoin.
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