Although the continuous price of DogwFhat (WIF), the famous Solana MEME is witnessing great attention from encryption lovers. Recently, a Blockchain’s famous transactions on the X (previously Twitter) shared, revealing that a newly created portfolio withdrew 9.47 million WiFs with a value of $ 6.90 million from Binance.
The whale buys 9.50 million WiM Meme currencies
Such a great withdrawal from WIF indicates that this whale may know something about the Meme currency, especially as its price continues to be low and this newly created wallet has made such transactions.
At a value of $ 6.60 million, it deserves the external flow
Besides, some long -term holders and investors accumulated the Mimi currency, as mentioned before Coinglass. Data from the immediate external flow/flow measures revealed that exchanges are witnessing continuous external flows over the past three days after a period of flows. However, within the past 48 hours, the stock exchanges have seen an external flow of $ 6.60 million of WiM Meme currencies.
This huge external flow of stock exchanges indicates a possible accumulation by whales and their long -term holders, indicating that they may seize the current market morale and low prices to buy a large amount of WiM Meme currencies. This accumulation can create a possible purchase pressure as soon as feelings turn.
Current price momentum
Despite these transactions and the activity of the last whale, the WiF price remains unchanged. Currently, the Meme currency is trading near $ 0.72 and more than 8 % has decreased over the past 24 hours. During the same period, the trading volume decreased by 8 %, indicating a decrease in participation from merchants and investors compared to previous days.
Traders are a strong interest in short positions
This landmark in the market and the continuous decline in prices attracts remarkable attention from traders in short positions. At the time of the press, traders control short positions on the market.
The data indicates that traders who occupy long jobs are more than $ 0.709, with a value of $ 1.55 million in long centers. On the contrary, at 0.752 dollars, a short job trading is excessive, and they occupy $ 4.45 million in short positions.
This huge short position indicates that exposed sellers benefit from the current market morale to liquidate long positions.
