Questions Raised as 'Insider' Wallets Profit Over $1 Million From New 'Dogwifhat' Crypto Token
• Over $1.3 million made by 12 "insider" wallets that bought 24 million Ethereum version of dogwifhat (WIF) tokens for $3,000 before trading opened
• Prices jumped from fractions of a penny to 30 cents before dropping over 80% amid concerns around token ownership
• Ethereum WIF issued by user @issa who claims to have created original dogwifhat meme in 2019
• @issa not affiliated with original Solana-based WIF, which has $350 million market cap
• Ethereum WIF garnered $7.7 million in trading volume from 4,500+ holders, sparking debates around which is real WIF