{"id":451209,"date":"2024-12-12T00:00:20","date_gmt":"2024-12-11T18:30:20","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=451209"},"modified":"2024-12-11T17:45:10","modified_gmt":"2024-12-11T12:15:10","slug":"wif-struggles-to-hold-gains-as-whales-begin-offloading-what-now","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/wif-struggles-to-hold-gains-as-whales-begin-offloading-what-now\/","title":{"rendered":"WIF struggles to hold gains as whales begin offloading &#8211; What now?"},"content":{"rendered":"<ul>\n<li><em>WIF has declined by 11.74% over the past week.<\/em><\/li>\n<li><em>A Dogwifhat whale deposited 1.2 million WIF tokens worth $3.47 million.<\/em><\/li>\n<\/ul>\n<p>Since hitting a high of $4.7 in November 2024, \u00a0<a href=\"https:\/\/ambcrypto.com\/wifs-93-8m-exchange-exodus-is-a-30-price-surge-coming\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">dogwifhat [WIF]<\/a>\u00a0has struggled to maintain an upward momentum.<\/p>\n<p>As such, the memecoin has declined across the charts. This decline has prompted some investors, especially whales, to sell to capitalize on the recent rally and avoid further losses.<\/p>\n<h2>Dogwifhat whale sells 1.2M tokens<\/h2>\n<p>According to <a href=\"https:\/\/x.com\/lookonchain\/status\/1866694165603684860\" target=\"_blank\" rel=\"noopener\">Lookonchain<\/a>, a Dogwifhat whale has deposited all 1.2 million WIF tokens worth $3.47 million into Coinbase. This whale purchased the tokens in January at a cost of $393k and now has made a profit of over $3 million.<\/p>\n<p>With increased selling, it implies a potential lack of confidence in WIF&#8217;s future prospects as the memecoin has continued to decline.<\/p>\n<p>While, memecoins have seen a sharp decline over the past week, crypto exchanges are gearing for a pro crypto regime in United States.\u00a0 As such, <a href=\"https:\/\/x.com\/BinanceUS\/status\/1866484356950221138\" target=\"_blank\" rel=\"noopener\">Binance U.S<\/a> has announced its intention to launch WIF on the exchange. The WIF\/USDT pair will begin trading on 11th December.<\/p>\n<p>WIF community hopes this will bring new buyers and boost the memecoin to reverse the current trend.<\/p>\n<h2>Impacts on WIF price charts?<\/h2>\n<p>According to AMBCrypto&#8217;s analysis, Dogwifhat is currently in a corrective wave after experiencing a strong pullback over the past week with most investors turning bearish.<\/p>\n<figure id=\"attachment_451222\" aria-describedby=\"caption-attachment-451222\" style=\"width: 1346px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/wif-weighted-sentiment.jpg\"><img decoding=\"async\" class=\"wp-image-451222 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/wif-weighted-sentiment.jpg\" alt=\"\" width=\"1346\" height=\"506\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/wif-weighted-sentiment.jpg 1346w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/wif-weighted-sentiment-300x113.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/wif-weighted-sentiment-1024x385.jpg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/wif-weighted-sentiment-768x289.jpg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/wif-weighted-sentiment-1200x451.jpg 1200w\" sizes=\"(max-width: 1346px) 100vw, 1346px\" \/><\/a><figcaption id=\"caption-attachment-451222\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p>For example, WIF-weighted sentiment has turned negative over the past week implying most investors have a negative perception of the memecoin.<\/p>\n<p>Usually, negative sentiment may result in selling pressure as pessimistic opinions discourage buyers while encouraging holders to sell as witnessed by the above whale selling.<\/p>\n<figure id=\"attachment_451223\" aria-describedby=\"caption-attachment-451223\" style=\"width: 1452px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-3.png\"><img decoding=\"async\" class=\"wp-image-451223 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-3.png\" alt=\"\" width=\"1452\" height=\"768\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-3.png 1452w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-3-300x159.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-3-1024x542.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-3-768x406.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-3-1200x635.png 1200w\" sizes=\"(max-width: 1452px) 100vw, 1452px\" \/><\/a><figcaption id=\"caption-attachment-451223\" class=\"wp-caption-text\">Source: Tradingview<\/figcaption><\/figure>\n<p>This bearishness was confirmed following a bearish crossover on both RSI and MACD. In fact, WIF made a bearish crossover on its Relative Strength Index (RSI) 48 hours ago. This signals sellers&#8217; dominance with the market experiencing a higher selling pressure.<\/p>\n<p>Therefore, with the recent whale offloading, it&#8217;s a part of the overall market pattern and not an isolated case to affects the prices immediately.<\/p>\n<figure id=\"attachment_451219\" aria-describedby=\"caption-attachment-451219\" style=\"width: 1364px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/wif-open-interest.jpg\"><img decoding=\"async\" class=\"wp-image-451219 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/wif-open-interest.jpg\" alt=\"\" width=\"1364\" height=\"525\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/wif-open-interest.jpg 1364w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/wif-open-interest-300x115.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/wif-open-interest-1024x394.jpg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/wif-open-interest-768x296.jpg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/wif-open-interest-1200x462.jpg 1200w\" sizes=\"(max-width: 1364px) 100vw, 1364px\" \/><\/a><figcaption id=\"caption-attachment-451219\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p>Equally, Dogwifhat&#8217;s open interest per exchange has declined from $330 million to $207 million at press time. Such a drop reflects investors&#8217; sentiments as they continue to close their positions while the market lacks new entrants.<\/p>\n<figure id=\"attachment_451216\" aria-describedby=\"caption-attachment-451216\" style=\"width: 1852px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/wif-short-long.png\"><img decoding=\"async\" class=\"wp-image-451216 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/wif-short-long.png\" alt=\"\" width=\"1852\" height=\"450\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/wif-short-long.png 1852w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/wif-short-long-300x73.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/wif-short-long-1024x249.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/wif-short-long-768x187.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/wif-short-long-1536x373.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/wif-short-long-1200x292.png 1200w\" sizes=\"(max-width: 1852px) 100vw, 1852px\" \/><\/a><figcaption id=\"caption-attachment-451216\" class=\"wp-caption-text\">Source: Coinglass<\/figcaption><\/figure>\n<p>Additionally, this sentiment shift is witnessed among short position holders as they have dominated the market. With 52% of the total, most investors are betting on prices to decline.<\/p>\n<hr \/>\n<p style=\"text-align: center;\">Read\u00a0<a href=\"https:\/\/ambcrypto.com\/predictions\/dogwifcoin-price-prediction\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">dogwifhat\u2019s [WIF] Price Prediction<\/a>\u00a02024\u20132025<\/p>\n<hr \/>\n<p>Undoubtedly, bears are dominating the market and if they prevail, WIF could see more losses and decline to $2.29.<\/p>\n<p>However, with the news of Binance US starting trading WIF, \u00a0the memecoin could see a boost from the US market creating buying pressure. If this development generates more buyers, the memecoin will reclaim the $3.4 resistance level.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogwifhat whale sells 1.2 million WIF tokens worth $3.47 million as bears dominate the market.<\/p>\n","protected":false},"author":94,"featured_media":451313,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[5824,66,3,4,20],"tags":[6427],"class_list":["post-451209","post","type-post","status-publish","format-standard","has-post-thumbnail","category-memecoins","category-new-news","category-news","category-social","category-trading-view","tag-ambcrypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Dogwifhat whale sells 1.2 million tokens worth $3.47 million<\/title>\n<meta name=\"description\" content=\"WIF has declined by 11.74% over the past week. \u00a0Dogwifhat whale deposits 1.2 million WIF tokens worth $3.47 million\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/wif-struggles-to-hold-gains-as-whales-begin-offloading-what-now\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WIF struggles to hold gains as whales begin offloading - What now? - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Dogwifhat whale sells 1.2 million WIF tokens worth $3.47 million as bears dominate the market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ambcrypto.com\/wif-struggles-to-hold-gains-as-whales-begin-offloading-what-now\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-11T18:30:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/News-Articles-FI-Editors-2024-12-11T174327.488.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1792\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gladys Makena\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gladys Makena\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"AnalysisNewsArticle\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/wif-struggles-to-hold-gains-as-whales-begin-offloading-what-now\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/wif-struggles-to-hold-gains-as-whales-begin-offloading-what-now\\\/\"},\"author\":{\"name\":\"Gladys Makena\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/3b25532640bb0899f08b34fe3d4235da\"},\"headline\":\"WIF struggles to hold gains as whales begin offloading &#8211; 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