Trader Turns $310 Into $4,100,000 Being Early Into Solana Memecoin Dogwifhat (WIF): Lookonchain

A trader’s $310 investment into the Solana (SOL)-based memecoin dogwifhat (WIF) is now valued at more than $4.1 million, according to the crypto tracker Lookonchain.

Lookonchain notes the trader used 5.288 SOL worth $310 to buy 2.58 million WIF in late November. The value of that WIF has since skyrocketed by 13,307x.

Over the weekend, the trader sold 750,000 WIF for 9,363 SOL worth $1.21 million, and they still own 1.83 million WIF worth $2.91 million.

WIF is trading at $1.71 at time of writing. The 68th-ranked crypto asset by market cap is up more than 5% in the past 24 hours, more than 216% in the past week and more than 900% since the start of 2024.

That WIF purchaser isn’t the only crypto trader to score staggering gains off a memecoin recently: Lookonchain also reports that a different entity has seen the value of their Pepe (PEPE) holdings surge.

The crypto tracker notes a trader bought 600 billion PEPE worth $1.04 million from Binance at a high price 10 months ago and has held onto it ever since. Now, that trove of PEPE is worth approximately $3.35 million.

The trader deposited 200 billion PEPE worth $1.48 million to Binance and still holds 400 billion of the frog-theme memecoin, according to Lookonchain.

PEPE is trading at $0.000008 at time of writing. The 39th-ranked crypto asset by market cap is up more than 25% in the past 24 hours, 300% in the past week, and 700% since the start of 2024.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: DALLE3

The post Trader Turns $310 Into $4,100,000 Being Early Into Solana Memecoin Dogwifhat (WIF): Lookonchain appeared first on The Daily Hodl.