Solana Trader Turns in 33,000% Profit on SOL With Dogwifhat (WIF) Epic Rally: Details
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Based on Arkham Intelligence, a savvy dealer has capitalized on the Solana meme coin Dogwifhat (WIF) frenzy, producing 33,000% returns on his Solana funding.
In a brand new tweet, Arkham Intelligence spotlights onchainclown, a Solana dealer who has traded dozens of meme cash over the previous two months. The dealer was in a position to flip $6,000 in SOL into thousands and thousands in realized revenue, rising his SOL funding by 330 instances.
Onchainclown’s finest efficiency to this point has been on the coin WIF. The savvy dealer made a buy-in of solely 102 SOL, round $6,000 on the time, and is now up $2 million in whole revenue as WIF surpasses the $1 billion market capitalization.
The Solana dealer purchased WIF round two weeks after it was deployed on-chain, managing to amass 2.6% of the provision. Two months after the acquisition, he progressively offered off his WIF, producing positive factors of roughly 9,140 SOL or $880,000.
The dealer nonetheless holds important quantities of WIF throughout his accounts for a complete revenue of $2 million, representing a return of greater than 330x on his preliminary funding of 102 SOL.
Dogwifhat, a dog-themed meme coin launched on the Solana blockchain over three months in the past, has emerged because the clear winner of the most recent rally.
WIF reached a outstanding all-time excessive of $1.77 in at the moment’s buying and selling session, overtaking tokens comparable to Floki (FLOKI) to turn out to be the third largest canine token behind Dogecoin and Shiba Inu. WIF has joined the highest 100 cryptocurrencies by market capitalization, rating 58th with a market worth of $1.74 billion.
The marketplace for canine cash has expanded quickly because the starting of March 2024. On the time of writing, WIF had risen 37.92% within the earlier 24 hours to $1.75. The token has elevated by 438.69% within the final seven days. Speculations that Dogwifhat has been quietly listed on Robinhood’s European crypto buying and selling platform have additionally contributed to its weekly value enhance.
