Early Dogwifhat investors missed out on $28.8 million as WIF hits new ATH.

adminMarch 16, 2024

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One investor who bought Solana meme coin Dogwifhat (WIF) in its early stages missed out on a whopping $28.8 million fortune after selling his investment in SOL for $142,000.

Investors still realized significant profits after paying just $1,170 for 8.18 million WIF tokens in just five days of trading. After the token surge, it was sold for 2,031 SOL, worth about $142,000 at the time, according to on-chain tracking platform Lookonchain.

Solana Meme Coin Surges 257% as Dogwifhat SOL Reclaims $100 - Decipher

Dogwifhat price soars to new ATH

that much Dog We Fat The price surged to a new all-time high (ATH) of $3.53 in the last 24 hours. It has since fallen 20% and is trading at $2.98 as of 5:30 a.m. ET. CoinMarketCap data.

If investors had held on to their investment until WIF reached ATH, its value would have exceeded $28.8 million. Even with the recent revisions, the WIF purchase will still be worth over $24.3 million.

8.18M $WIF This trader sold for 2,031 $SOL($142K) With a 10x profit, it is now worth $23.25 million!
he discovered $WIF I spent 20 5 days after starting the transaction. $SOL($1,173) 8.18 million purchases $WIF.
when $WIF It increased tenfold and he sold it all. $WIF About 2,031 $SOL($142K), earned in 2011 $SOL($141,000).
If the… pic.twitter.com/vOTQTlcKu3
— Lookonchain (@lookonchain) March 14, 2024

Another investor who bought Solana same corner We were much luckier in the beginning. In a Feb. 27

Trader spending 5.288 million $SOL($310) 2.58 million purchases $WIF (Currently $4.1 million) Sales begin $WIF You profit from the highest price.
He sold 750,000 $WIF About 9,363 $SOL($1.21M) $1.61, 183M $WIF ($2.91 million) remaining.
Total revenue is $412M (13,307x)! https://t.co/Fc8EWZ673m pic.twitter.com/elFRilLtNd
— Lookonchain (@lookonchain) March 4, 2024

Investors began cashing out some of their WIF tokens when the price of the meme coin reached around $0.5435, increasing the value of their holdings to $1.4 million.

Lookonchain shared an update on this investor on March 4, revealing that the trader sold an additional 750,000 WIF for $1.21 million when the meme coin was worth $1.61. If investors had sold no more WIF since then, the 1.83 million tokens would be worth more than $5.45 million at current prices.

WIF Becomes the Fourth Largest Meme Coin

After listing on Binance, WIF rose up the ranking of cryptocurrency meme coins. it was successful Pass the dog-themed FLOKI It became the fourth-largest meme coin by market capitalization, behind crypto elites Pepe (PEPE), Shiba Inu (SHIB), and Dogecoin (DOGE).

Currently, WIF’s market capitalization is over $2.9 billion, while FLOKI is valued at approximately $2.38 billion. Additionally, given that the market cap difference between the two companies is less than $1 billion, it’s possible that Dogwifhat will outperform PEPE.

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