Early Dogwifhat trader made $4.1m profit with 5 SOL

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A dealer who purchased $310 price of meme token Dogwifhat (WIF) in November 2023 started promoting the cash after a meteoric worth rise.

As Lookonchain analysts recalled, the dealer spent 5.288 Solana (SOL) price $310 to purchase 2.58 million WIF, now valued at $4.1 million.

The dealer bought 750,000 WIF for 9,363 SOL; the transaction complete was $1.21 million. Now, the dealer’s steadiness stays about 1.83 million with a complete worth of $2.91 million. The worth of the property elevated 13,307 occasions, and the worth of the property reached $4.12 million.

Dogwifhat is one other meme coin impressed by the Shiba Inu canine meme. Since its launch in November 2023, the token has risen in worth by nearly 900%, in keeping with CoinMarketCap. In simply over three months, the token rose from a worth of $0.1797 to $1.67. On March 4, the coin up to date a new historical maximum, reaching $1.92.

Since December, WIF has grow to be one of many favourite cash of whale speculators. Many tales emerged about how some whales made fabulous earnings by buying and selling WIF. One dealer earned $1 million in 5 days, shopping for WIF for $226,000.

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