Binance Watch: WIF Holds Strong at Key Support as Whales Accumulate Amid Market Swings

Dogwifhat (WIF) is demonstrating resilience in the face of market volatility, consolidating around the $0.8319 level despite a minor 1.17% dip. This performance contrasts with the broader memecoin sector, which saw a 1.79% gain as measured by the CoinDesk Memecoin Index (CDMEME). The price action for WIF has established a clear range between $0.821 and $0.864, representing a 5.1% band, with particularly strong support holding near $0.835 on substantial trading volume. Earlier in the week, WIF experienced a sharp rally that pushed prices to $0.92 before triggering profit-taking activity. However, the cryptocurrency continues to show technical strength as it maintains its newly established local floor. Notably, whale accumulation has been observed at these support levels, suggesting confidence among large holders despite the current market fluctuations. The ability to hold above key support during periods of broader market uncertainty often signals underlying strength, making WIF one to watch for traders monitoring the memecoin sector, particularly on major exchanges like Binance where such assets typically see significant liquidity.

WIF Holds Key Support Amid Whale Accumulation and Market Volatility

Dogwifhat (WIF) is consolidating around $0.8319 after a 1.17% dip, while the broader memecoin sector, as measured by the CoinDesk Memecoin Index (CDMEME), gained 1.79%. Price action has formed a 5.1% range between $0.821 and $0.864, with critical support holding NEAR $0.835 on significant volume. Earlier this week, a sharp rally to $0.92 triggered profit-taking, but technical strength persists as WIF maintains its new local floor.

Blockchain analytics reveal whale wallets accumulating over 39 million WIF tokens, signaling alignment with a broader memecoin rotation across Solana-based assets. This trend follows BONK's surge on ETF speculation, while WIF retests key zones with declining volume and reduced short liquidations.

Market sentiment improved marginally after the passage of President Trump's 'One Big Beautiful Bill' and better-than-expected U.S. jobs data, easing macro-related selling pressure. Despite headwinds from shifting trade and monetary policies, WIF's on-chain fundamentals remain robust.

Derivatives markets continue to thrive, with Binance surpassing $650 trillion in cumulative BTC futures volume.

CZ Confirms Countries Adding Bitcoin Reserves Amid Bullish Pattern

Governments worldwide are increasingly allocating national reserves to Bitcoin, following the lead of the United States. The U.S. reportedly holds approximately 200,000 BTC, setting a precedent that has spurred smaller nations to act. Binance founder Changpeng Zhao revealed in a private discussion that multiple countries are now entering the market, with technical guidance from his exchange on custody solutions and wallet infrastructure.

Market dynamics mirror the 2023 rally that followed FTX's collapse, with Bitcoin's chart exhibiting a similar breakout pattern. This convergence of institutional adoption and technical bullishness suggests potential upward momentum. Nations are initially adopting multi-signature custodial setups before transitioning to self-managed cold storage—a phased approach reflecting both caution and long-term commitment.