Crypto News

Dogwifhat’s Top Trader Earned $4.1 Million Profit With 5 SOL


A trader who purchased $310 worth of Dogwifhat (WIF) meme token in November 2023 began selling the coins after a meteoric price rise.

As recalled by Lookonchain analysts, the trader spent 5,288 Solana (SOL) worth $310 to purchase 2.58 million WIF, now valued at $4.1 million.

The trader sold 750,000 WIF for 9,363 SOL; the transaction total was $1.21 million. Today, the merchant balance remains at around 1.83 million, with a total value of $2.91 million. The asset value increased 13,307 times and the asset value reached $4.12 million.

Dogwifhat is another coin inspired by the Shiba Inu dog meme. Since its launch in November 2023, the token’s price has increased by almost 900%, according to CoinMarketCap. In just over three months, the token rose from a price of $0.1797 to $1.67. On March 4, the coin updated a new all-time high, reaching $1.92.

Since December, WIF has become one of the favorite coins of whale speculators. Many stories have emerged about how some whales made fabulous profits from trading WIF. A trader made $1 million in 5 days by buying WIF for $226,000.

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