Solana-based meme coin Dogwifhat continued its rally today, surging 17% and reaching a new peak of $4.61.
Jerrymusa.com reports that with a gain of about 90% over the last week, WIF is the biggest weekly gainer in the cryptocurrency market. Solana’s success has also been impacted by Dogwifhat’s surge, since the cryptocurrency has increased by 10% this week.
The trading volume on WIF is still mostly unchanged in spite of this upswing. The daily trading volume of the meme coin has only grown by 22%. One of the biggest token holders is still holding onto their profits, according to Coinstats.
Current WIF Profit Tracking
According to CoinStats, one of the biggest holders of the token is currently sitting on an unrealized profit of $127 million, holding $139.5 million worth of WIF tokens, which were purchased at an average price of $0.32. The wallet currently has an unrealized profit of $127.3 million.
For more than a month, the whale has not sold any of its tokens. Dogwifhat is currently the third-largest meme currency on the market, having reached its most recent all-time high.
Its market capitalization of more than $4.3 billion has now eclipsed that of PEPE, BONK, and FLOKI.