The post Dormant Whale Awakens With $1.25M $WIF Deposit, Shakes Market! appeared first on Coinpedia Fintech News
A dormant whale makes a comeback for $WIF with a significant move. The whale makes an entry after a month of silence and deposits 700K $WIF (valued at $1.25M) into MarginFi. The whale is using it as collateral to borrow 197K $USDC.
With the borrowed funds, the Whale has acquired an additional 110K $WIF, increasing their holdings to 3.3M $WIF ($5.94M). This sudden comeback of this whale comes at a crucial time, as $WIF trades at $1.79 with a 1.46% intraday jump, following the 10% drop in the past two days. The re-entry of a whale signals a surge in confidence in $WIF as the market grows volatile.