TechFlow reports, according to lookonchain monitoring, the largest $WIF token holder borrowed 4.5 million USDC from Kamino five hours ago and used it to purchase 2.55 million $WIF tokens at $1.76 per token. After this move, the address now holds 31.2 million $WIF tokens, worth approximately $57.4 million, generating total profits exceeding $74 million.
Reviewing the address's transaction history, this investor purchased 19.86 million $WIF tokens at an average price of $0.0114 between December 13–15, 2023, spending only $226,000. Subsequently, the address registered a domain named "binance-insider.sol" and spent 86,738 SOL (worth about $8.92 million at the time) in one transaction to acquire 17.23 million $WIF tokens.
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