One person, known as the 'high-profit whale', opened a short position of 3,576,537 WIF tokens, worth about $4.08 million. This is after he just closed a short on Bitcoin. Apparently, he is in a good mood and decided it was time to shoot the dog — in a figurative sense, of course.
Entry price? $1.15.
Liquidation price? $1.19.
Leverage? Tenfold.
Margin? $368,478.
If the WIF price jumps just 4 cents, this trader will burn out like bank deposits in 2008.
While Bitcoin is stagnating, showing fatigue, meme coins like WIF are behaving like teenagers on TikTok — loud, volatile, and completely unpredictable.
• WIF has risen from $0.92 to $1.17 over the week
• Trading volume — over $700 million per day, which means it's not just kids playing.
• Liquidations on shorts on CoinGlass have already exceeded $12 million in the last 24 hours.
And at this moment, our whale enters — betting against the trend, against the crowd, against the dog. Bold? Absolutely. Foolish? Perhaps.
Or maybe he knows something?
Some speculate that this trader expects WIF to retrace to $1.00 or even lower, especially if the overall crypto market decides to correct. ETH is under pressure, Solana is losing steam.
But there is one problem — the liquidation is too close. If the price breaks $1.19 — the 'short party' of the whale will end with a liquidation fireworks, which itself could push the price even higher.
Perhaps we are witnessing the beginning of a short squeeze right now. The crowd may be intentionally pushing the price up to 'liquidate' this fat position.
Or maybe the whale is right, and tomorrow we will see WIF at $0.98, memes will turn into tears, and someone in the Telegram chat will write: 'Should have sold...'
