2024

Solana

<p>The post <a href="https://coinpedia.org/news/stunning-4497x-return-trader-turns-5k-into-24m-with-dogwifhat-wif-memecoin/">Stunning 4,497x Return: Trader Turns $5K into $24M with Dogwifhat (WIF) Memecoin!</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p><a href="https://coinpedia.org/price-prediction/dogwifhat-wif-price-prediction/" target="_blank" rel="noreferrer noopener">Dogwifhat (WIF)</a> is the latest popular memecoin in the Solana ecosystem. A recent transaction has caught the blockchain community’s eye. One person, possibly using five wallets, sold 14.53 million WIF tokens and made a 4,497x return on their initial purchase, which was originally bought for just $5,340.</p> 
<h2 class="wp-block-heading" id="h-trader-book-a-profit-of-4497x-return">Trader Book A Profit Of 4497x Return</h2> 
<p>Lookonchain, a well-known blockchain analytics firm, <a href="https://x.com/lookonchain/status/1819585512501661794" target="_blank" rel="noreferrer noopener nofollow">recently reported</a> an impressive transaction involving five wallets, which might be owned by the same person. However, the buyer initially acquired the 14.53 million WIF tokens on November 30, 2023, at a total cost of only $5,340.&nbsp;</p> 
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   <p lang="en" dir="ltr">5 wallets(may belong to the same person) sold 14.53M <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$WIF</a>($24M) 7 hours ago!<br><br>Incredibly, this guy bought 14.53M <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$WIF</a> on Nov 30, 2023, and the cost was only $5,340!<br><br>He got a 4,497x return!<br><br>If he sold at the highest price, he would have made a profit of more than $69M, a 12,927x… <a href="https://t.co/Of1kpEwOze">pic.twitter.com/Of1kpEwOze</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1819585512501661794?ref_src=twsrc%5Etfw">August 3, 2024</a>
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<p>Later the buyer sold a total of 14.53 million WIF tokens for about $24 million. This sale showcases an extraordinary return on investment, as the seller managed to achieve a 4,497x return on their initial purchase.</p> 
<p>What’s even more intriguing is that if the tokens had been sold at their peak price, the profit could have exceeded $69 million, representing a staggering 12,927x return.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-dogwifhat-wif-price-analysis">DogWifhat (WIF) Price Analysis</h2> 
<p>In the past 24 hours, the price of Dogwifhat (<a href="https://markets.coinpedia.org/dogwifhat/" target="_blank" rel="noreferrer noopener">WIF</a>) has seen notable changes. It dropped to $1.61 and rose to $1.94. Currently, WIF is trading at $1.68, which is an 11% decline from its recent high. Over the last week, WIF has fallen by 33%.</p> 
<p>The Open Interest for Dogwifhat decreased by 10% to $266 million on the last day. However, trading volume surged by 40% to $1.51 billion, suggesting that the downward trend might not continue.</p> 
<p>The market cap of WIF had reached $3.5 billion but is now at $1.612 billion. There are 998,906,016 WIF tokens in circulation.</p> 
<p>Also Check Out: <a href="https://coinpedia.org/price-analysis/top-memecoins-for-massive-upside-this-crypto-bull-run/" target="_blank" rel="noreferrer noopener">Top Memecoins For Massive Upside This Crypto Bull Run!</a></p>

Stunning 4,497x Return: Trader Turns $5K into $24M with Dogwifhat (WIF) Memecoin!

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