Dogwifhat (WIF) flips PEPE as holders refrain from selling despite massive returns

Meme token Dogwifhat (WIF) maintained solid uptrends over the past sessions amid retail FOMO. The alt climbed towards the $4 price mark early on Friday.

The impressive price surges pushed WIF’s market cap toward $4 billion, surpassing PEPE to become the third-largest themed token by value.

WIF on a bullish ride

The altcoin saw slight retracements to trade at $3.59 during this publication, with A $3,584,082,856 market capitalization. WIF gained 20% and 55% over the past day and week.

The latest milestone places Dogwifhat behind Shiba Inu and Dogecoin while topping the likes of PEPE and FLOKI.

Meanwhile, the robust move comes after the WIF community raised money to fund the asset’s marketing on Las Vegas Sphere. The altcoin recorded massive price surges after the move.

WIF Whales holding despite substantial profits

Most Dogwifhat investors celebrate significant returns following the alt’s latest bull run. Wu Blockchain revealed a whale wallet that saw its WIF balance increase by 1,440% to $134M.

The address started investing in Dogwifhat in December last year at a $0.248 average price and hasn’t sold yet.

The absence of selling despite WIF’s remarkable performance over the past months shows investor confidence in more upsurges from the memecoin.