Solana-based meme coin Dogwifhat is on a bull run, with a 17% surge today, hitting a new peak of $4.61. WIF, the largest weekly gainer in the crypto market, has seen a whopping 90% rally in the past week. This surge in Dogwifhat has also positively impacted Solana’s performance, with the altcoin up by 10% for the week.

Despite the rally, WIF’s trading volume has not seen significant growth, only increasing by 22% on a daily basis. Coinstats data reveals that one of the largest holders of the token has yet to liquidate their profits, holding a total of $139.5 million worth of WIF tokens, purchased at an average price of $0.32, currently sitting on an unrealized profit of $127.3 million.

The whale has refrained from selling its tokens for over a month now. With its latest all-time high, Dogwifhat has now become the third-largest meme coin in the market, surpassing PEPE, BONK, and FLOKI, boasting a market cap exceeding $4.3 billion.

For more updates on the crypto market, stay tuned to Global Crypto News.

Post Views: 4