Dogwifhat WIF/USD followed the market-wide rally on Tuesday, rebounding over 10% after weeks of poor price performance.

What Happened: Lookonchain data shows a whale losing $4.6 million after having already lost $1.92 million on WIF.

The whale trader initially bought 2.05 million WIF for $7.96 million at $3.88 each on April 8. He then sold them at $2.95 each on May 7 and 8, incurring a loss of $1.92 million. Undeterred, he bought 2.34 million WIF for $6.48 million at $2.77 each from May 16 to May 20. He sold these at $1.61 each, losing another $2.71 million.

Another trade of a Dogwifhat whale reveals an early buyer purchasing 938,434 WIF, worth $1.6 million, a few hours before Tuesday’s…

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