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According to Onchain data, four major cryptocurrency whales seem to have made panic sales during the sharp decline yesterday.
During yesterday's decline, many altcoins experienced double-digit declines. The reason for the decline was cited as Iran sending unmanned aerial vehicles and ballistic missiles to Israel. However, the attacks ended and the market partially recovered when Iran announced that it would not launch any more attacks unless it received a response.
During the decline in which the Bitcoin price fell to $ 60,000, memecoin transactions made by four big whales attracted attention.
According to Onchain data, after the market crashed, four whales panicked and sold 5.68 million dogwifhat (WIF) worth a total of $12.41 million. The whale with short wallet address 9WHHoq sold $7.34 million worth of WIF at $2.35, while the whale with short wallet address BdvbXr sold $1.93 million worth of WIF at $1.9 price level.
In addition, 85Abtu sold $1.88 million worth of WIF at $2.08, and whale with short wallet address DpJGh2 sold $1.26 million worth of WIF at $1.97.
WIF price is trading at $2.71 at the time of writing this article.
*This is not investment advice.