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Whale movements and bearish signals mean here’s what’s next for WIF!
Market skepticism is growing as WIF faces challenges from bearish metrics and declining engagement.
A prominent player in the Dogwifhat [WIF] market recently withdrew $20.77M worth of WIF at an average price of $1.73 – Incurring a significant $3.27M loss. However, shortly after this whale redeposited $17.5M back to Binance, raising questions about their strategic intentions.
As a result, the current WIF market faces significant challenges with bearish technicals, declining sentiment, and reduced social engagement creating a difficult environment.
Source: ambcrypto.com
