Million

when

Shiba Inu

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<p>Cryptocurrencies (<a href="https://bitcoinist.com/dogecoin-too-much-firepower/">especially meme coins</a>) have been known to turn many into overnight millionaires in the past. This has happened again as a <a href="https://bitcoinist.com/crypto-trader-6-7-million-ethereum/">crypto trader</a> was recently reported to have made $11 million from a single trade.&nbsp;</p> 
<h2 id="how-1-800-turned-into-11-million">How $1,800 Turned Into $11 Million</h2> 
<p>On-chain analytics platform Lookonchain revealed in an X (formerly Twitter) <a href="https://x.com/lookonchain/status/1766051791953899912?s=20" rel="nofollow" target="_blank">post</a> how a trader bought 5.1 million <a href="https://bitcoinist.com/wif-dogecoin-shiba-inu-parabolic/">Dogwifhat (WIF)</a> tokens for $1,749 on November 30 and has held them till now, with these tokens now worth $10.9 million. Interestingly, this trader had tried to limit the sale of these tokens then but was unsuccessful as the order didn’t get filled due to the high limit price.</p> 
<p>Having been unsuccessful in his attempt to offload these tokens, he chose to hold them and transferred them to a new wallet. That was a life-changing decision, seeing as the trader has made an <a href="https://bitcoinist.com/microstrategys-massive-bitcoin-stash-hits-3-billion-in-unrealized-profit/">unrealized profit</a> of over $10.9 million. When those <a href="https://bitcoinist.com/solana-meme-coins-myro-wif/">WIF tokens</a> were bought, the meme coin was still below the $0.2 mark.&nbsp;</p> 
<p>Since then, WIF has seen an incredible run, recently hitting an all-time high (ATH) of $2.37, which explains why this trader’s holdings have risen to such an amount. There is reason to believe that the meme coin’s run isn’t done yet, as crypto analyst Bluntz Capital <a href="https://bitcoinist.com/solana-based-wif-meme-coins/">hinted</a> that it could become the second most valuable meme coin, only behind <a href="https://bitcoinist.com/dogecoin-etf-30-chance-approval/">Dogecoin (DOGE)</a>.</p> 
<p>Moreover, WIF is still gaining much traction with the crypto token recently <a href="https://bitcoinist.com/solana-meme-coins-myro-wif/">listed</a> on the largest crypto exchange, Binance. That means there is the potential for WIF to make more moves to the upside. Bluntz <a href="https://x.com/Bluntz_Capital/status/1762278085792235632?s=20" rel="nofollow" target="_blank">predicts</a> that the meme coin could run up to as high as $5.&nbsp;</p> 
<h2 id="not-the-first-meme-coin-to-change-lives">Not The First Meme Coin To Change Lives</h2> 
<p>Bitcoinist <a href="https://bitcoinist.com/billionaire-with-shiba-inu/">previously reported</a> how an anonymous crypto investor (simply known as “Shibtoshi”) became a billionaire with <a href="https://bitcoinist.com/shiba-inu-dogecoin-shib-excitement/">Shiba Inu (SHIB)</a> by investing $8,000 in the meme coin back in August 2020, when the token began trading. That was before the meme coin had its insane run in 2021, when it saw a gain of 46,000,000%. Shibtoshi held for almost a year until October 2021, leading to his holdings rising to a whopping $5.7 billion.&nbsp;</p> 
<p>The foremost meme coin, DOGE, was also known to have made many millionaires and even billionaires during that period, with 2021 also being the <a href="https://bitcoinist.com/dogecoin-10-largest-meme-coin/">crypto token’s breakout year</a>. One such person was <a href="https://www.newsbtc.com/news/dogecoin/dogecoin-millionaire-bullish/" rel="nofollow noopener" target="_blank">Glauber Contessoto</a>, known as SlumDOGE Millionaire on the X platform, who saw his holdings reach $2.9 million at the peak of the meme coin’s run.&nbsp;</p> 
<p><img loading="lazy" decoding="async" class="aligncenter" src="https://www.tradingview.com/x/TM5XbJ9X/" alt="Dogwifhat (WIF) price chart from Tradingview.com (Solana meme coin)" width="3286" height="1530"></p>

Solana Meme Coin Trader Turns $1,800 Into $11 Million, Here’s How

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