dogwifhat

Solana

The new trending meme coin in the market, dogwifhat (WIF) saw another surge of more than 22% on Friday extending its lead to a different level. After surpassing BONK based on the biggest market capitalization, WIF is now looking towards overtaking <a href="https://news.todayq.com/shiba-inu-doge-leads-pepe-emerges-as-the-top-performer/">PEPE</a> next. Amid this ongoing rally, data shows that dogwifhat’s developers might have missed a massive profit of $693 million. dogwifhat dev misses on a big rally 
According to the data shared by lookonchain, a dogwifhat developer sold 350 million WIF tokens for 511 <a href="https://news.todayq.com/big-solana-pump-coming-in-pantera-play-250m-sol-buy-plan/">Solana</a> (approx worth $29,000) shortly after trading began. However, those 350 million $WIF, are currently valued at $693 million. This suggests that the dev suddenly missed out on a possible profit of around $693 million. 
Despite this, the developer retained a portion of WIF in a separate wallet marking a crucial move in crypto trading. These actions include a $110 investment to purchase approx 490K WIF. However, the dev does sell 12.4 million WIF for just 896K USDC. In the end, this wallet is holding 589k dogwifhat tokens (approx worth $1.17 million). 
Dogwiffhat is running high on a bullish rally. WIF price jumped by more than 124% in just the last 7 days. As we take a look at a longer time frame, WIF price is up by 2770% in the last 60 days. The meme token based on Solana blockchain is trading at an average price of $2.17, at the press time. Its 24 hour trading volume stands at around $525 million. WIF helping Solana to soar? 
With this massive surge in a short span of time, dogwifhat’s market cap now stands at over $2.158 billion. It has left BONK behind in this race. Bonk’s market cap stood around $2.05 billion. Whales’ activity has equally influenced WIF’s price, with two mysterious whales investing 38,372 SOL tokens to acquire 2.97 million WIF tokens. Binance’s recent listing of Dogwifhat has further fueled its upward trajectory, resulting in a 40% surge. 
WIF’s rise not only highlights the meme coin’s appeal in the market but also shows Solana’s growing influence in supporting innovative crypto projects. Amidst a broader rally, Dogwifhat’s surge aligns with Solana approaching the $150 mark and contributing to the blockchain’s increased Total Value Locked (TVL). 
Solana’s total value locked (TVL) has jumped by more than 107% in the last one month to stand around $3.01 billion. SOL is trading at an average price of $146, at the press time. 
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dogwifhat (WIF) dev may have missed $693 million profit

Todayq News

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