In a recovering cryptocurrency market, a major dogwifhat (CRYPTO:WIF) holder bought a whopping 2.3 million WIF tokens for $4.65 million.
This whale now holds a significant amount of WIF, with a total value of $49.6 million and a profit of over $83 million.
WIF's price has surged over 30% in the past two days, defying the struggles of other major cryptocurrencies.
Despite strong performance, WIF's trading volume has dropped by 21% in the last 24 hours, indicating lower investor participation.
Technical analysis suggests WIF is bullish, but faces resistance near $2.10.
A daily close above $2.20 could signal a significant price increase.