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Dogwifhat Whales Offload $16M Tokens Amid 24% Weekly Dip, Will WIF Price Drop Further?

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10 months ago

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Large holders, also known as whales, of the Solana meme coin Dogwifhat (WIF) have offloaded substantial amounts of their holdings. It has potentially catalyzed further declines after a sharp drop in the WIF price this week. Over the past week, approximately $16 million worth of WIF tokens have been sold, prompting speculation about the future trajectory of its value.

Dogwifhat Whales Dump Tokens To Exchanges

According to data from Solscan, a Dogwifhat whale dumped a massive reserve of 5.97 million tokens to Binance today. Moreover, the transaction was worth $12.1 million, which could have worsened the downtrend. Earlier this week, a major whale initiated a massive sell-off, liquidating around $3.5 million worth of WIF within a few hours.

Furthermore, these large-scale selloffs exerted considerable downward pressure on the meme coin’s price. At press time, the WIF price plunged 14.54% to $1.85 in the last 24 hours, trading below the critical $2 support level and settling at $1.85, as reported by CoinMarketCap.

This marks the continuation of a bearish trend that has seen the Dogwifhat meme coin lose 25% in the past week and over 35% in the past month. Moreover, the rapid decline in WIF’s value reflects a broader trend within the cryptocurrency market, where investor enthusiasm for meme coins has been waning.

Meanwhile, the market capitalization of Dogwifhat has dropped by 14.5% to $1.85 billion, positioning it at rank 49 in market cap listings. Despite the price downturn, the trading volume for WIF over the past 24 hours has increased by 7.22%, totaling $390.43 million. This surge in trading activity indicates significant market movements as investors react to the recent sell-offs.

Also Read: Dogwifhat Price Prediction: As Market Sentiment Wanes, Can WIF Defy Trend To $1?

What’s Next For WIF Price?

The selling spree by whales, or large holders, of Dogwifhat has contributed to growing pessimism among traders. Moreover, the drop in price and the substantial offloading of tokens signal a lack of confidence in the meme coin’s future performance. This sentiment is further corroborated by data from Santiment, which shows a downturn in open interest across various exchanges.

The total open interest for WIF has decreased from $180 million to $166.9 million. This reflects a cautious stance among investors who are now liquidating long positions rather than initiating new shorts. In addition, this cautious approach among traders and investors is indicative of a broader shift in sentiment within the digital asset market.

Moreover, the fading interest in speculative investments, particularly meme coins like Dogwifhat, underscores a growing caution towards high-risk assets amid market corrections and increased volatility. The past month has seen Dogwifhat’s valuation drop by more than 35%, a clear indication of the challenges facing the meme coin.

The recent price action and whale behavior suggest that the bearish trend for WIF may continue. The critical $2 support level, which has been breached, is a significant psychological and technical barrier. As the coin trades below this level, further declines could be on the horizon if investor confidence does not return.

According to Coinglass data, the Dogwifhat meme coin has also noted significant long liquidations. In the past 24 hours, $1.38 million WIF longs were liquidated, which could have expedited the latest bearish turn.

Also Read: Dog-Themed Meme Coins Outpace Solana Rivals

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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XRP Price History Signals July As The Next Bullish Month

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55 minutes ago

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April 18, 2025

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Based on historical data, July could be the next bullish month for the XRP price, which continues to consolidate amid this crypto market downtrend. Despite the market downturn, crypto analysts like CasiTrades are confident that the altcoin could still reach a new all-time high (ATH) in this market cycle.

Historical Data Points To July Being The Next Bullish Month For The XRP Price

Cryptorank data shows that July could be the next bullish month for the XRP price. This is based on the fact that the altcoin has recorded significant gains in each of the last five Julys.

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Unlike July, April to June have been mixed for XRP over the last five years. For April, the last three out of five months have been bearish for the altcoin, although it recorded a 174% gain in April 2021.

For May, three out of the last five months have been bearish for the XRP price, although it recorded meagre gains in May 2023 and 2024. Meanwhile, June has been completely bearish for the altcoin, as it recorded monthly losses in the last five months.

It is worth mentioning that four out of the five monthly gains for XRP in July have been double-digit gains. As such, Ripple’s native crypto could again record double-digit gains this coming July.

Interestingly, crypto analyst Egrag Crypto predicted that XRP could reach double digits by its July 21 cycle peak. He alluded to the altcoin’s previous bull runs as to why July could mark this cycle’s peak. The analyst believes the Ripple price could reach $27 by then.

Analysts Argue XRP’s Consolidation Could End Soon

Amid this historical data, crypto analysts Dark Defender and CasiTrades have suggested that the XRP price consolidation could end soon. In an X post, Dark Defender stated that the altcoin’s consolidation is nearing an end and that he believes this is the final consolidation of the monthly structure.

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Once this consolidation is done, the crypto analyst remarked that market participants can expect the Wave 5, which will send Ripple’s native crypto to new highs. He highlighted $2.22 and $2.30 as the major resistances to watch out for, while $1.88 and $1.63 are the major support levels. Meanwhile, the targets on this Wave 5 up are $3.75 and $5.85, which will mark a new ATH for the altcoin.

As CoinGape reported, crypto analyst CasiTrades also predicted that the XRP price could soon reach $6 as Wave 2 correction nears its end. The analyst also raised the possibility of the altcoin rallying to as high as $9.50 and $12 if it reaches the 2.618 and 3.618 Fibonacci extension levels, respectively.

However, there is still the possibility of the XRP price dropping below the $2 level before it rallies to new highs. Egrag Crypto warned that Ripple’s native crypto could still drop to as low as $1.4 in the event of a major liquidation.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Ethereum ETFs Record $32M Weekly Outflow; ETH Price Crash To $1.1K Imminent?

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5 hours ago

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April 18, 2025

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The ETH price’s bearish sentiment since January 2025 has taken a toll on investor confidence, with Ethereum ETFs witnessing significant outflows. As ETH’s value continues to plummet, investors increasingly withdraw their funds. With Ethereum exchange-traded funds recording a massive $32 million in weekly outflows, analysts caution against a potential downtrend.

As Ethereum lingers below the $2,000 mark for weeks, market experts and traders are bracing for a potential further decline to $1,100. Let’s dive deeper into the reasons behind the significant outflows from Ethereum ETFs and its potential impact on ETH price.

Ethereum ETFs Record $32M Weekly Outflows: What’s Happening?

According to SoSoValue, Ethereum ETFs experienced increasing outflows over the past week, driven by the overarching negative market trend. Last week, the ETFs saw a total net outflow of $32.17 million, pushing the month’s outflows to $170.99 million.

In addition, the Ethereum exchange-traded funds experienced an unusual day of neutral flows yesterday, with neither net inflows nor outflows reported. Analyst Ali Martinez shed light on the increasing whale activity over the past week. According to his X post, ETH whales have offloaded 143,000 tokens last week. 

Significantly, this negative sentiment could be attributed to the ETH price’s bearish trend which began in January. Ethereum, which stood high-headed above $3,500 at the onset of 2025, started plummeting to reach a severe low of $1,500 in April. This steady downtrend has caused a stir in the market, with traders showing less interest towards the altcoin.

Is ETH Price Poised for a Crash?

Growing pessimism surrounding Ethereum ETFs has led analysts to warn the community that ETH’s price may extend its downward trajectory. For instance, analyst Altcoin Gordon shared a bearish forecast for ETH price, predicting that the token would further drop to $1,100. However, as per CoinGape’s Ethereum price prediction, ETH could destabilize around a minimum of $1,588 in 2025.

As of press time, ETH is valued at $1,592, down by a marginal 0.20% in a day. Despite a 2.3% surge over the past seven days, ETH has seen a massive dip of 21% in a month. This negative vibe is also reflected on the traders’ sentiment, with the 24-hour trading volume decreasing by 23% to reach $10.5 billion.

Significantly, the Ethereum transaction fees’ recent crash to a five-year low has also contributed to the overall bearish sentiment.

Ethereum Bulls Remain Optimistic

Despite these bearish predictions and negative Ethereum ETF trend, bulls remain optimistic about the ETH price. Analysts like Crypto Rover and CryptoGoos shared their bullish outlooks on Ethereum, invoking investors’ enthusiasm.

Ethereum ETFs Record $32M Weekly Outflow; ETH Price Crash To $1.1K Imminent?Ethereum ETFs Record $32M Weekly Outflow; ETH Price Crash To $1.1K Imminent?

According to CryptoGoos, ETH is expected to repeat history to surge beyond $2,800 in the near future. Meanwhile, market expert Crypto Rover projected the ETH price’s potential journey to an ambitious $10,000. However, it needs to be seen whether ETH can break through its current resistance levels and achieve these lofty targets.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Ripple CEO Brad Garlinghouse Drives XRP’s Global Expansion; Know How

Published

8 hours ago

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April 18, 2025

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Ripple CEO Brad Garlinghouse has been instrumental in shaping the narrative and future of XRP. According to All Things XRP, Garlinghouse is steering XRP towards a monumental breakthrough, driven by its unparalleled potential to revolutionize global payments. The CEO’s vision for Ripple’s token is centered on real-world utility, scalability, efficiency, and other unique capabilities – positioning it for unprecedented growth and adoption.

In a series of X posts, the expert referred to Brad Garlinghouse’s influential statements on XRP. Acknowledging his powerful words, the expert highlighted their significant impact on the token’s establishment as a top contender in the crypto space.

How Ripple CEO Aids XRP’s Growth? Expert Insights

According to All Things XRP, Ripple CEO Brad Garlinghouse is spearheading XRP’s increased adoption and expansion. Garlinghouse’s multiple posts and comments on the crypto’s potential have significantly influenced its global recognition.

Let’s explore Brad Garlinghouse’s words that boosted Ripple coin’s growth over the past few years, despite the prolonged Ripple vs SEC lawsuit and other regulatory hurdles.

Garlinghouse Acknowledges Ripple Coin’s Use Cases

Notably, the Ripple CEO highlighted XRP’s use cases in global payments. He also underscored the token’s potential to solve a multi-trillion-dollar problem.

According to Garlinghouse, the Ripple coin’s purpose-built design enables fast, efficient, and low-cost transactions, making it an attractive solution for high-volume payment corridors. Its speed, efficiency, and low cost position the Ripple token as a leading contender in the digital asset space. He cited, “If we continue to drive the success we’re driving, we’re driving a massive demand for XRP because we’re solving a multi-trillion dollar problem.”

What is XRP’s Advantage?

Interestingly, XRP remains unique in the vast crypto space with its key features. Being 1000 times faster and less expensive than the pioneering cryptocurrency Bitcoin, the token solidifies its position as a key player in the crypto market. This makes it an ideal solution for high-volume payment corridors. The Ripple CEO stated,

XRP was built by engineers who saw Bitcoin’s flaws, especially scalability. XRP is 1,000 times faster.

In addition, the crypto is decentralized, functional, and independent. This means that the token’s existence and performance are not dependent on Ripple. “If Ripple as a company went away, XRP would continue to trade,” noted Brad Garlinghouse.

Furthermore, the Ripple token has achieved regulatory clarity, with global regulators recognizing it as not being a security. It is noteworthy that Ripple’s coin is one of the first cryptocurrencies to be concluded as a non-security. This provides a clear path forward for its growth and adoption.

Brad Garlinghouse Remains Transparent

As pointed out by the expert, Garlinghouse remains transparent about Ripple’s business model. It relies on selling XRP to generate revenue and achieve profitability.  Garlinghouse admitted, “We would not be profitable or cash flow positive without selling our XRP holdings.”

Garlinghouse has also predicted that Ripple’s token will be included in the US crypto reserve.

XRP’s Future Prospects and CEO’s Personal Stance

Significantly, the Ripple CEO remains optimistic about XRP’s future and ETF launch. While all the nine Ripple ETFs have gained the SEC’s recognition, experts believe that they will be approved before December 2025. According to him, “It’s just inevitable that [XRP] will be offered through an exchange-traded fund.”

Further, he emphasized the role of Ripple’s token in the multichain world, while also advocating for fairness across chains. He has also revealed his personal crypto holdings that include XRP, BTC, and ETH.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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