Bitcoin

dogwifhat

Dogwifhat (WIF) has become a popular memecoin in the Solana ecosystem. Recently, a noteworthy transaction grabbed attention: someone, possibly using five different wallets, sold 14.53 million WIF tokens and turned an initial investment of $5,340 into $24 million.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/44b85d07b3f342a1b425898ef93d7ca9.png" />Although Dogwifhat’s market cap has dropped from $3.5 billion to $1.612 billion due to a recent market decline, the trader’s profit at its peak could have reached $69 million, giving a stunning 12,927 times return on investment.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/3cee965c664049b88e65632a72ac50aa.png" /><h3 id="remarkable-return-trader-turns-5-340-into-24m-with-dogwifhat-wif">Remarkable Return: Trader Turns $5,340 into $24M with Dogwifhat (WIF)</h3>Lookonchain, a prominent blockchain analytics firm, has reported a remarkable transaction involving five wallets that may belong to a single individual. The buyer initially acquired 14.53 million Dogwifhat (WIF) tokens on November 30, 2023, for just $5,340.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/5b8c3794a4f941b69eee626073d5be56.png" /><img src="https://academy-public.coinmarketcap.com/optimized-uploads/c472cfcfd090443988aca81adc773d06.png" />Lookonchain_Source: <a href="https://x.com/lookonchain/status/1819585512501661794?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">X</a>The buyer later sold these tokens for approximately $24 million, achieving an extraordinary 4,497 times return on their initial investment. Even more impressive is that if the <a href="https://cryptosheadlines.com/ethfi-token-listed-on-binance-price-peaks-at-5-32-ath/" rel="noopener noreferrer nofollow">tokens had been sold at their peak price</a>, the profit could have soared to over $69 million, representing a staggering 12,927 times return.<h3 id="recent-changes-in-dogwifhat-wif-price-and-market-activity">Recent Changes in Dogwifhat (WIF) Price and Market Activity</h3>In the past 24 hours, Dogwifhat (WIF) has experienced notable price fluctuations. The price dropped to $1.61 before rising to $1.94. Currently, WIF is trading at $1.68, marking an 11% decline from its recent peak. Over the past week, WIF has fallen by 33%.The <a href="https://cryptosheadlines.com/shiba-inu-open-interest-crosses-100m-raises-bitcoin-concerns/" rel="noopener noreferrer nofollow">Open Interest</a> for Dogwifhat has decreased by 10% to $266 million in the last day. Despite this, trading volume surged by 40% to $1.51 billion, indicating that the downward trend might not persist.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/3cee965c664049b88e65632a72ac50aa.png" />The <a href="https://cryptosheadlines.com/pepe-token-hits-record-high-with-4-4b-market-cap-can-wif-shib-bonk-or-doge-follow-suit/" rel="noopener noreferrer nofollow">market cap of WIF</a>, which had previously reached $3.5 billion, is now down to $1.612 billion. There are 998,906,016 <a href="https://cryptosheadlines.com/wif-token-surges-100-on-major-exchange-listing-in-solana-space/" rel="noopener noreferrer nofollow">WIF tokens</a> currently in circulation.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/9cfda412a2784dda96d7ff0e4105a45f.png" />Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.Join Cryptos Headlines <a href="https://linktr.ee/cryptosheadlines.com" rel="noopener noreferrer nofollow">Community</a>Follow Cryptos Headlines on <a href="https://news.google.com/publications/CAAqBwgKMLz3-wowvuzoAg" rel="noopener noreferrer nofollow">Google News</a>

Trader Turns $5K into $24M with Dogwifhat (WIF) Memecoin

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