Whale Accumulates 31.2M $WIF, Rakes in $74M Profit After Major Buy at $1.76

The post Whale Accumulates 31.2M $WIF, Rakes in $74M Profit After Major Buy at $1.76 appeared first on Coinpedia Fintech News

A whale in the WIF ecosystem is making headlines as it borrows 4.5M $USDC from the Kamino Finance to purchase 2.55M $WIF at an average of $1.76. With a new purchase, the whale adds 2.55M $WIF to its massive portfolio and hits 31.2M $WIF, worth $57.4M. This whale’s strategic buying streak starts from last year’s December, when it bought 19.86M $WIF at a minimal price of $0.0114, for a total profit exceeding $74M. Further, the whale also spent 86,738 SOL (worth $8.92M) in a single transaction to acquire 17.23M $WIF.