Dogwifhat (WIF) Price Under Pressure as Exchange Inflows Spike—Smart Money Exits

Whale wallets are dumping WIF into exchanges at a pace not seen since its ATH—just as retail FOMO starts creeping in. Classic.

On-chain data shows a 48-hour surge in exchange inflows, while ’smart money’ addresses—those with a history of well-timed exits—are quietly reducing exposure. The memecoin’s 30-day rally now faces its first real stress test.

Meanwhile, perpetual futures open interest keeps climbing. Nothing says ’healthy correction’ like leveraged traders and nervous whales playing chicken.

Additional Nansen data shows that smart money investors have continued offloading their WIF tokens. Holdings by these investors have dropped to 23.5 million, down from over 24 million earlier this year.

Smart money investors typically exit their positions when they expect a price reversal, based on their experience.

WIF price technical analysis

The daily chart shows that dogwifhat started a strong downtrend in November when it peaked at $4.80. It bottomed at $0.3027 in April before beginning a slow uptrend, peaking at $1.3115 on Tuesday.

The WIF token formed a rounded bottom, a popular bullish continuation sign. It also moved above the 50-day moving average, a positive move. 

However, there are signs that the token is now highly overbought. The Relative Strength Index has risen above 80, and the two lines of the MACD indicator have jumped to their highest levels since April of last year.

Dogwifhat has also encountered substantial resistance at $1.0815, the lowest swing in August. Therefore, while the long-term outlook remains bullish, a slight pullback is likely as investors take profits. If that happens, the next level to watch will be the 50% retracement point at $0.6493.