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