Trader's investment of $310 in Dogwifhat (WIF) in November 2023 turned into $4.12 million as the coin's value surged 13,307 times. Learn about the remarkable journey and skyrocketing profits.
A speculator who invested $310 in the meme token Dogwifhat (WIF) during November 2023 has begun offloading their holdings following a staggering surge in price.
According to analysts at Lookonchain, the trader initially used 5.288 Solana (SOL) tokens, equivalent to $310, to acquire 2.58 million WIF tokens, which are currently valued at $4.1 million.
The trader has recently divested 750,000 WIF tokens for 9,363 SOL, resulting in a transaction total of $1.21 million. Subsequently, the trader's remaining balance stands at approximately 1.83 million tokens, with a total value of $2.91 million. The asset's value has skyrocketed by 13,307 times, reaching a total of $4.12 million.
Dogwifhat, another meme coin inspired by the popular Shiba Inu dog meme, has experienced a remarkable surge in price since its launch in November 2023. According to CoinMarketCap, the token's value has surged by nearly 900%, rising from $0.1797 to $1.67 in just over three months. On March 4, the coin achieved a new all-time high, reaching $1.92.
Since December, WIF has garnered significant attention from whale speculators. Numerous success stories have emerged, detailing how certain whales have reaped substantial profits through WIF trading. One notable instance involved a trader who amassed $1 million in just five days by investing $226,000 in WIF tokens.