Massive $12M Whale Trade Sends WIF Meme Token Skyrocketing

A sudden $12 million market long position on Binance Futures sent the Solana-based meme coin WIF soaring, leading to a 20% price increase. The move briefly hit a peak of $0.48 before retracting to around $0.3812. Speculation is rampant regarding whether this was an insider maneuver or a costly mistake. 1-minute charts show the rapid impact, with volume exploding as the trade entered the market. WIF’s volatile nature makes it susceptible to large whale impacts, particularly in the context of Solana’s booming TVL and renewed interest in altcoins.