While the meme coin market traded in the red zone over the weekend, Solana's popular meme coin Dogwifhat (WIF) was showing an upward trend against the declining market conditions. WIF, which has been showing a consistent rise for the past five days, has been the focus of strategic whale transfers for some time.

Dogwifhat (WIF) whale buying is increasing

In the past week, Dogwifhat, which has been trading above 1.40 dollars, has risen by 31 percent since the beginning of last week, making it one of the most profitable meme coins. With the market recovery, whale transfers are thought to be behind this rise. Since last week, whales have made multiple large WIF token transfers and purchases.

Source: According to the latest data, an unidentified whale has deposited 21.9 million WIF tokens into the Solana protocol. The whale then made a purchase of 1.8 million WIF, followed by a third purchase of 1.92 million dollars worth of Dogwifhat tokens. Looking at the total data, the whale, which has a WIF wallet worth 28 million, also influenced market movements with its recent buying and selling activities.

WIF token price view

WIF, with a market value of 1,901 million, experienced a 1.5-point decline during the day in line with the general retreat in the meme coin market. At the time of writing, the trading volume of WIF token, trading at 1.90 dollars, decreased by 17 percent.

WIF technical chart Source: CoinMarketCap The +DI, -DI line in the DMI index, which provides information about the direction of the trend, indicates that the uptrend may continue by crossing upwards. Similarly, the MACD indicator is also moving above the signal line. While the Dogwifhat token is moving in the bullish zone, the PlayDoge, which is in the pre-sale stage, ends on August 26th.

PlayDoge (PLAY) in the final stage

PlayDoge, which brings the Doge meme theme to the play-to-earn (P2E) sector, announced that it has raised more than 6 million dollars as it enters the final stage. The game, based on nurturing a virtual pet with 2D pixel art in a Tamagotchi style, allows players to earn PLAY tokens. The game, which can also be played on the app, promises a more enjoyable experience with touch game controls.

Visit PlayDoge Token

In addition to the game theme, it allows earning an annual 72% APY by staking PLAY tokens. In the final stage, 1 PLAY token can be purchased for $0.00531 in the PlayDoge project. Finally, PLAY tokens, which can be purchased with BNB, in addition to ETH, USDT, and credit cards, can be added to the wallet at advantageous prices before being listed.

The information in the text is purely for informational purposes and does not constitute investment advice. The author and kriptoparahaber.com are not responsible for any profit or loss resulting from your investments. Ultimately, investment relies on various factors such as knowledge, experience, research, and personal decisions.

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