- WIF’s $1M buy boosts whale’s profit to $65.6M amid a 3.98% price drop.
- FLOKI’s 17.7% drop follows a major wallet reactivation before the decline.
- POPCAT’s price recovery shows EMA support, with resistance at $0.75 and $0.80.
Major price swings emerged in the crypto market recently, with Dogwifhat (WIF), FLOKI, and POPCAT (POPCAT) experiencing significant movements.
Lookonchain data reveals a noteworthy event involving the largest WIF holder, who recently borrowed $1.4 million USDC from Kamino. The individual used $1 million of this to acquire 643,832 $WIF at $1.55 per token. This strategic purchase now brings their total holding to 28.66 million $WIF, valued at approximately $44.13 million. Remarkably, their profit on $WIF stands around $65.6 million, highlighting a substantial gain in this volatile market.
The current price of $WIF is $1.53 , which was down by 3.99% over the last one day. This decrease in the value happens hand in hand with a reduction in trading volume by 24.58% to $300,745,950.
The market capitalization of $WIF is estimated at $1.53 billion, underscoring its substantial market presence. Key support and resistance levels are critical for understanding future price movements.
Source: Coinmarketcap
The immediate support level is at $1.53, which, if breached, could lead to further declines. Conversely, resistance levels are noted around $1.60 and $1.67. Breaking through these levels could signal a bullish reversal.
Spot On Chain data shows the price of FLOKI has plummeted 17.7% over the past 24 hours. A wallet linked to @RealFlokiInu, inactive for 2.5 years, reactivated and transferred 15.22 billion FLOKI ($2.27 million) to Binance just before the decline. These tokens were released from the Floki deployer when the price was only $0.0000307.
FLOKI is priced at $0.0001283 , showing an 18.36% decrease over the same period. The market cap has dropped to $1.21 billion, and the trading volume has declined by 3.85%. The level of support for $FLOKI is expected at $0.00013, specific resistances are at $0.00015 and $0.00016. If the price moves above these levels, then there may be a sign of reversal in the price action.
Source: Coinmarketcap
Turning to POPCAT (SOL), the price currently sits at $0.615977 , with a trading volume of $115,768,834. This marks a 12.48% decline over the past 24 hours. The price action suggests a potential recovery following a sharp decline.
Altcoin Sherpa’s analysis on POPCAT highlights the 200-period Exponential Moving Average (EMA) acting as support, indicating a bullish signal. Immediate support is noted around $0.6453, with secondary support at $0.60. Resistance levels are observed at $0.75 and $0.80. A move above $0.75 could signal a continuation of the upward trend, potentially driving prices higher.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
