Trader Makes $1.4 Million With Solana-Based Meme Coin WIF as Price Surges
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In an astonishing show of market timing and funding acumen, an nameless dealer turned a modest funding of 5.288 Solana (SOL), equal to roughly $310, right into a staggering $1.4 million. The digital asset in query, Dogwifhat (WIF), a meme coin based mostly on the Solana blockchain, has seen an unprecedented surge in worth, capturing the eye of the cryptocurrency group worldwide.
The exceptional transaction was initially dropped at public consideration by the blockchain analytics platform Lookonchain, which revealed in a tweet {that a} dealer managed to get a return of 4,530 instances the preliminary funding. The platform detailed that the dealer had acquired 2.58 million WIF tokens on Nov. 26, 2023, and owing to the value of WIF growing by roughly 50% earlier at present, the worth of the dealer’s WIF holdings had escalated to $1.4 million.
Dogwifhat value skyrockets
Dogwifhat has experienced a meteoric rise in its valuation just lately. At current, WIF is buying and selling at $0.5334, growing by 42.65% within the final 24 hours and a formidable 67.74% over the previous 30 days. The surge in WIF’s value will not be solely a testomony to the unstable and unpredictable nature of the cryptocurrency market but additionally highlights the rising curiosity in meme cash, which frequently mix web tradition humor with digital asset buying and selling.
The buying and selling quantity for WIF has equally seen a considerable uptick, with a 210.22% improve over the past 24 hours, amounting to $119,864,144. This heightened exercise signifies sturdy buying and selling curiosity, market enthusiasm and liquidity for the token, suggesting that extra buyers are getting concerned within the buying and selling of this specific meme coin.
Moreover, the market capitalization of Dogwifhat has soared by 42.22%, now standing at $533,120,592. This exceptional development has propelled the Solana-based meme coin to turn into the 127th largest cryptocurrency by market cap, signifying its rising prominence and investor curiosity inside the broader crypto ecosystem.
