Mon, Dec 23 2024
After a sharp increase in value, a trader who had purchased $310 worth of Dogwifhat (WIF), a meme token, in November 2023 started to sell the coins.
The dealer purchased 2.58 million WIF, currently valued as $4.1 million, for 5.288 Solana (SOL), worth $310, as Lookonchain experts recalled.
The trader made a total transaction of $1.21 million by selling 750,000 WIF for 9,363 SOL. With a total worth of $2.91 million, the trader's balance is currently at 1.83 million. The assets' worth climbed by 13,307 times, reaching $4.12 million in total.
Another meme currency that was influenced by the Shiba Inu dog meme is Dogwifhat. According to CoinMarketCap, the token's price has increased by about 900% from its introduction in November 2023. The value of the token increased from $0.1797 to $1.67 in slightly over three months. The coin updated to a new historical maximum of $1.92 on March 4.
Among whale speculators' preferred coins since December is WIF. Many tales surfaced about whales that traded WIF and made incredible profits. After purchasing WIF for $226,000 in 5 days, one trader made $1 million.
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