Stunning 4,497x Return: Trader Turns $5K into $24M with Dogwifhat (WIF) Memecoin!
The post Stunning 4,497x Return: Trader Turns $5K into $24M with Dogwifhat (WIF) Memecoin! appeared first on Coinpedia Fintech News
Dogwifhat (WIF) is the latest popular memecoin in the Solana ecosystem. A recent transaction has caught the blockchain community’s eye. One person, possibly using five wallets, sold 14.53 million WIF tokens and made a 4,497x return on their initial purchase, which was originally bought for just $5,340.
Trader Book A Profit Of 4497x Return
Lookonchain, a well-known blockchain analytics firm, recently reported an impressive transaction involving five wallets, which might be owned by the same person. However, the buyer initially acquired the 14.53 million WIF tokens on November 30, 2023, at a total cost of only $5,340.
Later the buyer sold a total of 14.53 million WIF tokens for about $24 million. This sale showcases an extraordinary return on investment, as the seller managed to achieve a 4,497x return on their initial purchase.
What’s even more intriguing is that if the tokens had been sold at their peak price, the profit could have exceeded $69 million, representing a staggering 12,927x return.
DogWifhat (WIF) Price Analysis
In the past 24 hours, the price of Dogwifhat (WIF) has seen notable changes. It dropped to $1.61 and rose to $1.94. Currently, WIF is trading at $1.68, which is an 11% decline from its recent high. Over the last week, WIF has fallen by 33%.
The Open Interest for Dogwifhat decreased by 10% to $266 million on the last day. However, trading volume surged by 40% to $1.51 billion, suggesting that the downward trend might not continue.
The market cap of WIF had reached $3.5 billion but is now at $1.612 billion. There are 998,906,016 WIF tokens in circulation.
