The crypto market saw a notable uptick in memecoin performance, with WIF being among the top gainers. The token's price surged by over 44% after its listing on Upbit, a major cryptocurrency exchange in Asia.
This development led to increased trading volume, with daily transactions exceeding $220 million. According to Solscan data, whales have been actively accumulating WIF, with significant orders ranging from $100K to $1 million dominating the market.
The token's TVL also saw a substantial increase, rising from $5.225 million to $5.829 million. However, it is unclear whether this momentum can be sustained in the long term.