Four significant cryptocurrency whales appear to have made panic sales during yesterday's steep collapse, based on Onchain data.

Many altcoins saw double-digit drops during yesterday's collapse. Iran's deployment of ballistic missiles and unmanned aerial vehicles to Israel was given as the cause of the reduction.

However, when Iran declared that it would not carry out any more strikes until it received a response, the attacks stopped and the market somewhat rebounded.

During the period of time when the price of Bitcoin dropped to $60 000, four large whales performed transactions with memecoins that gained notice.

Onchain data indicates that four whales panicked and sold 5.68 million dogwifhat (WIF) for a total of $12.41 million after the market plummeted.

The whale that used the short wallet address 9WHHoq made $7.34 million by selling WIF at $2.35, and $1.93 million worth of WIF at $1.9 price level, sold by the whale with short wallet address BdvbXr.

Furthermore, whale with short wallet address DpJGh2 sold $1.26 million worth of WIF at $1.97, and 85Abtu sold $1.88 million worth at $2.08.

As of the time this article was written, the WIF price was trading at $2.71.