"WIF Surges 8% Amid Short Liquidations and Whale Buying Spree"

Dogwifhat (WIF) Shows Potential for Recovery Amid $2M Short Liquidations and Buying Surge

Dogwifhat (WIF), the 100th largest cryptocurrency, has shown signs of recovery amid a surge in buying activity and significant short liquidations. The meme coin rose 8.2% over the past 24 hours, trading at $1.23, and its daily trading volume tripled to a massive $1.46 billion.

WIF's recovery can be attributed to an announcement from its official X account, stating that the token's mascot would appear on the Las Vegas Sphere. This news sparked renewed buying activity from whales and increased WIF accumulation on exchange wallets. Notably, a whale wallet named "Ansem" bought 915,828 WIF for 1.2 million USDC, making WIF its only major meme coin holding.

World Liberty Financial (WLF) made a significant investment of 1.88M USD Coin (USDC) to acquire 2.398M MOVE tokens at an average price of $0.784. This bold move underscores confidence in the token's long-term potential and could contribute to price stability and potential upward movement. MOVE's price action has been volatile, with a 16.77% increase over the last 24 hours, followed by a minor correction. However, the token has gained 13.07% overall, signaling relative strength in the market.

Bitcoin traded in a tight range today as investors braced for volatility ahead of the FOMC meeting. The overall cryptocurrency market cap dipped below $3.6 trillion for the third time this month and was down 2.53% in the past 24 hours. Bitcoin dominance continued to rise throughout the day to 58.5% as the subdued performance was seen across the altcoin market with only a few of the top tokens in the green when writing.

The crypto fear and greed index dropped three points from the previous day to 50, which indicates a lack of confidence in the market. Bitcoin traded within a tight range between $100,272 – $103,541, with the $100,000 level currently acting as a crucial psychological