‘Shiba Inu Killer’ Dogwifhat Rallies 8%, Continues To Look ‘Incredible,’ Says Top Trader

Dogwifhat (CRYPTO: WIF) is up 8% on the day and 26% on the week, closely following its rival Shiba Inu (CRYPTO: SHIB) as traders see more upside playing out shortly.

What Happened: On-chain data provider Lookonchain shows a major WIF holder borrowing 2 million (CRYPTO: USDC) from the Solana (CRYPTO: SOL) DeFi protocol Kamino to buy an additional 894,854 WIF at $2.24 each. The whale now holds 32.1 million WIF, equivalent to $71 million, and has made a total profit exceeding $86 million.