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<p><span style="font-weight: 400;">An investor who bought into Solana meme coin Dogwifhat (WIF) during its early stages missed out on a whopping $28.8 million fortune after selling the investment for a $142,000 in SOL.</span></p>
<p><span style="font-weight: 400;">The investor still realized a substantial profit after paying just $1,170 for 8.18 million WIF tokens five days after it started trading. After the tokens spiked, they were sold for 2,031 SOL worth about $142,000 at the time, said on-chain tracking platform Lookonchain.</span></p>
<p><span style="font-weight: 400;"><img decoding="async" src="https://cdn.decrypt.co/wp-content/uploads/2023/12/dogwifhat-market-gID_7.png" alt="Solana Meme Coin Dogwifhat Spikes 257% as SOL Reclaims $100 - Decrypt"></span></p>
<h2 id="span-style-font-weight-400-the-dogwifhat-price-soars-to-new-ath-span"><span style="font-weight: 400;">The Dogwifhat Price Soars To New ATH</span></h2>
<p><span style="font-weight: 400;">The </span><a href="https://insidebitcoins.com/news/dogwifhat-price-prediction-top-gainer-wif-pumps-20-but-investors-flock-to-this-solana-meme-coin-rival-as-its-huge-airdrop-looms" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Dogwifhat</span></a><span style="font-weight: 400;"> price soared to a new all-time high (ATH) of $3.53 over the past 24 hours. It has since retraced 20% to trade at $2.98 as of 5:30 a.m. EST, according to </span><a href="https://coinmarketcap.com/currencies/dogwifhat/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">CoinMarketCap</span></a><span style="font-weight: 400;"> data.</span></p>
<p><span style="font-weight: 400;"> If the investor had held onto the investment until WIF reached its ATH, its value would have exceeded $28.8 million. Even with the latest correction, the WIF purchase would still be worth over $24.3 million.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">The 8.18M <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$WIF</a> this trader sold for 2,031 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a>($142K) at 10x profit now worth 23.25M USD!</p>
 <p>He spotted <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$WIF</a> 5 days after it opened trading and spent 20 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a>($1,173) to buy 8.18M <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$WIF</a>.</p>
 <p>When <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$WIF</a> increased 10x, he sold all <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$WIF</a> for 2,031 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a>($142K), making 2,011 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a>($141K).</p>
 <p>If… <a href="https://t.co/vOTQTlcKu3" rel="noopener noreferrer nofollow">pic.twitter.com/vOTQTlcKu3</a></p>
 <p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1768140111773053284?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 14, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><span style="font-weight: 400;">Another investor who bought into the Solana </span><a href="https://insidebitcoins.com/news/meme-coin-mania-erupts-again-as-solana-token-smog-is-top-gainer-and-wif-and-pepe-hit-new-all-time-highs" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">meme coin</span></a><span style="font-weight: 400;"> during its early days was a lot luckier. In a Feb. 27 X post, Lookonchain revealed that a trader spent only 5.288 SOL, worth around $310, to buy 2.58 million WIF tokens on Nov. 26, 2023.&nbsp;</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">The trader who spent only 5.288 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a>($310) to buy 2.58M <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$WIF</a> ($4.1M currently) started to sell <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$WIF</a> for profits at the highest price.</p>
 <p>He sold 750K <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$WIF</a> for 9,363 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a>($1.21M) at $1.61, with 1.83M <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$WIF</a> ($2.91M) left.</p>
 <p>The total profit is $4.12M(13,307x)!<a href="https://t.co/Fc8EWZ673m" rel="noopener noreferrer nofollow">https://t.co/Fc8EWZ673m</a> <a href="https://t.co/elFRilLtNd" rel="noopener noreferrer nofollow">pic.twitter.com/elFRilLtNd</a></p>
 <p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1764530753025749263?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 4, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><span style="font-weight: 400;">The investor started cashing out some of the WIF tokens when the meme coin’s price reached around $0.5435, pushing the value of the holdings to $1.4 million. </span></p>
<p><span style="font-weight: 400;">Lookonchain shared an update on this investor on Mar. 4, and said the trader sold another 750k WIF for $1.21 million when the meme coin’s value stood at $1.61. If the investor has not sold any more WIF since then, the 1.83 million token would be valued at more than $5.45 million at current prices.</span></p>
<h2 id="span-style-font-weight-400-wif-becomes-the-fourth-biggest-meme-coin-span"><span style="font-weight: 400;">WIF Becomes The Fourth Biggest Meme Coin</span></h2>
<p><span style="font-weight: 400;">Since scoring a listing on Binance, WIF has climbed up the crypto meme coin ranks. It managed to </span><a href="https://insidebitcoins.com/news/dogwifhat-wif-flips-floki-to-become-the-4th-biggest-meme-coin-as-market-cap-surpasses-3-2-billion" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">overtake dog-themed FLOKI</span></a><span style="font-weight: 400;"> in market cap to become the fourth biggest meme coin, placing it behind crypto elites Pepe (PEPE), Shiba Inu (SHIB), and Dogecoin (DOGE).</span></p>
<p><span style="font-weight: 400;">Currently, WIF’s market cap stands at over $2.9 billion, while FLOKI’s valuation is approximately $2.38 billion. There is also the possibility that Dogwifhat will surpass PEPE, given that the gap between their respective market caps is less than $1 billion.</span></p>
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Early Dogwifhat Investor Misses Out On $28.8 Million Fortune As WIF Hits A New ATH

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Inside Bitcoins

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