Dogwifhat (WIF) surged by 44% after being listed on Upbit, one of Asia's largest crypto exchanges. The listing, which includes trading pairs with KRW, BTC, and USDT, sparked significant speculative trading, propelling WIF to break its previous high of $0.225 from April. The memecoin's daily trading volume soared over 300%, reaching $220 million, driven by substantial whale activity. On-chain data from Solscan revealed that whales have been actively accumulating WIF, with transactions ranging from $100,000 to $10 million. The token's total value locked (TVL) also increased from $5.225 million to $5.829 million. Despite the initial surge, profit-taking has reduced gains to 26%, with the price retracing after hitting $0.28. WIF remains significantly below its all-time high of $4.86, but continued whale accumulation could sustain its current breakout.
WIF Surges 44% Following Upbit Listing, Breaks April High
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