Dogwifhat (WIF) Solana Meme Coin Helps One Crypto Trader Turn $1K Into $100K

A cute new Solana meme coin referred to as Dogwifhat (WIF) has made one fortunate dealer some huge cash.

A pseudonymous crypto dealer referred to as Blockgraze instructed Coin Desk that he bought $1,000 of the meme coin in late November and that now it’s price greater than $100,000.

The dealer bought WIF shortly after its launch on Solana as a result of he thought a canine sporting a hat was ”very humorous.” He has already cashed out $25,000 of the earnings, whereas he nonetheless holds the remaining in his wallet.

Canine-themed meme cash have carried out strongly not too long ago with BONK, one other Solana-based memecoin, hovering greater than 90% at present after its itemizing on Binance and KuCoin. It’s also set for a Coinbase itemizing.

The bull market is barely below method and $BONK is doing a 200x.

Within the meantime, $SATS, $RATS and comparable tokens are following $BONK of their footsteps.

Psychological, however good indicators that the market sentiment has shifted.

Does it imply you can purchase these? I would not at this level.

— Michaël van de Poppe (@CryptoMichNL) December 15, 2023

Blockgraze instructed Coin Desk that the 100x achieve was extra about luck than talent, and that the acquisition was like playing.

With Pomp Investments founder Anthony Pompliano saying {that a} Bitcoin bull run has already begun, altcoins are at present driving a wave of buoyant market sentiment.

Selecting the subsequent 100x crypto gem gem is all the time a tricky ask, however one YouTube analyst says Meme Kombat, a brand new crypto GameFi venture working on Ethereum, has the potential for at the least 10x positive aspects.

The venture is at the moment in presale and is near reaching its worth goal of $3.5 million after a whale purchased tokens price $200,000.

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