Crypto Whale Buys $895K WIF with $2M Loan, Making a Total $86M In Profit!

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• Mustafa Mulla

  

  Mustafa Mulla

  Author

  Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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• Sep 26, 2024 18:27 UTC
• Less than a minute
• 18 Total Readers

• 18 Total Readers

Lookonchain, a prominent blockchain analytical platform, the largest holder of WIF has borrowed $2 million in USDC from Kamino to purchase nearly 895,000 $WIF tokens for $2.24 each. This transaction took place just an hour ago and showcases the confidence this whale has in the asset. With this latest buy, the whale now holds 32.1 million $WIF, worth approximately $71 million. Making, their total profit from these investments has exceeded $86 million! 

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