dogwifhat (ETH)

Solana

USDC

Shiba Inu

dogwifhat

<ul class="wp-block-list news-points">
 <li>A crypto trader lost a massive $654,000 on dogwifhat (WIF).</li>
 <li>The trader sold his WIF holdings for 4.08 million USDC.</li>
 <li>The trader shifted to other altcoins, including CHILLGUY, Fartcoin, and UBC.</li>
</ul>
A crypto trader incurred massive losses after betting on dogwifhat (WIF), a prominent meme coin on the Solana (SOL) blockchain. In less than 24 hours, sbfonchain.sol sold the coins for 4.08 million USDC, losing $654,000 on the position.
Interestingly, the trader remained bullish on meme coins and, after closing their WIF position, immediately invested the remaining funds into other similar coins. The entity used 1 million USDC to buy 1.6 million CHILLGUY tokens, 500,000 USDC for 1.44 million Fartcoin, and 176K USDC for 2.6 million UBC.
<h2 class="wp-block-heading" id="h-meme-coin-market-overview">Meme Coin Market Overview</h2>
The <a href="https://coinedition.com/pnut-wif-pepe-defy-the-odds-how-high-can-these-memecoins-climb/" rel="noopener noreferrer nofollow">meme coin</a> sector is worth approximately $121 billion, with $25.3 billion in trading volume over the past 24 hours. Dogecoin (DOGE) and Shiba Inu (SHIB) lead the industry, with market capitalizations of $57.4 billion and $14.5 billion, respectively.
Read also : <a href="https://coinedition.com/shiba-inus-1-dream-can-a-99-burn-make-it-happen/" rel="noopener noreferrer nofollow">Shiba Inu’s $1 Dream: Can a 99% Burn Make It Happen</a>
Notably, WIF ranks as the fifth-largest meme coin and 44th in the overall crypto mark…
The post <a href="https://coinedition.com/trader-loses-654k-on-wif-still-buys-more-meme-coins/" rel="noopener noreferrer nofollow">Trader Loses $654K on WIF, Still Buys More Meme Coins!</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Trader Loses $654K on WIF, Still Buys More Meme Coins!

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