The Current Situation of Meme Tokens Solana-based meme token Dogwifhat entered a resurgence trend last February as the wider market witnessed significant entry into the space.The coin’s price surged 151% from its lowest level of $0.081 to currently trade at $0.158.However, WIF price gained additional momentum earlier this week as Binance, the world’s largest cryptocurrency exchange by trading volume, listed the token. But as Bitcoin faced supply pressure starting at $69,000, WIF price triggered a fresh pullback to $2.3.Currently trading at $1.88, the cryptocurrency is retesting the 23.6% Fibonacci retracement level. A pullback from the ongoing sell-off could drop to potential support at $1.5 or $1.28, which correspond to the 38.2% and 50% Fibonacci levels respectively.WIF’s Whale Activity Lookonchain report highlights two significant whale transactions that have captured the attention of the cryptocurrency community. The first involved a wallet address named 87Hnwj, which purchased 1.82 million WIF tokens at $1.69 per token in exchange for $23,400 worth of SOL, for a total of approximately $3.06 million.Shortly after, another whale with the address GjRacG purchased 1.15 million WIF tokens worth $14,732 in SOL for $1.67 each (equivalent to $1.93 million).The transactions, which total $5 million and involve 2.97 million WIFs, could underline the strong confidence investors have in the potential of WIFs to make significant investments by leveraging the Solana blockchain. The above activity highlights the strategic position of whales in the cryptocurrency market and may reflect optimistic expectations for WIF’s future performance. It’s still the same, I need fans and you need reference, so strategies are shared with fans for free!