In the context of the ongoing meme pumps in the digital asset market, a dogwifat (WIF) trader turned a $1.8 thousand investment into $11 million in just 3 months. Lookonchain reported the major shift occurring through the purchase of 5.1 million WIF on November 30th.
The digital asset market has witnessed significant surges in the past week. Bitcoin (BTC) seems to be leading the price rally, reaching an all-time high after surpassing $69,000. Furthermore, dogwifat (WIF) continues to be an interesting surprise. According to CoinMarketCap, the meme token has surged by 18% in the past 24 hours.
5.1 Million WIF by the Trader Reaches $11 Million Value in 3 Months
The meme token has gained to a level that not many investors expected in the past week. The assets defined by their volatility made up almost all of the top 7 biggest gainers of this week. One of the most surprising winners is Dogwifhat (WIF), with the Solana-based meme token skyrocketing in value.
Furthermore, Lookonchain revealed a fortunate investment move that led to a massive profit. Specifically, a dogwifat (WIF) trader turned a $1.8 thousand investment into $11 million in just 3 months. Indeed, the trader bought 5.1 million WIF at a price of $1,749. Subsequently, the price of this asset skyrocketed over 1,200%, resulting in a total investment value of $11.2 million.
According to the initial post, the investor had tried to limit selling WIF on Solana but couldn’t execute it due to high limit prices. Therefore, they canceled the limit order and started the process of transferring the WIF to a new wallet. Interestingly, this wasn’t the only investment that brought such massive profits. Particularly in the current growth market, meme tokens have brought huge profits to some knowledgeable investors.
Since first coming on the scene in 2023, WIF has undergone rapid increases similar to a meme token like Pepe. However, most of its gains have occurred only in the past 30 days. During that time frame, the meme token has surged over 915%. Although that rate has certainly slowed down, the token continues to rise in price to this day.
The meme token market has seen Pepe, BONK, and WIF as the top gainers in the recent price rally. However, WIF still remains one of the most standout meme tokens. Dogecoin (DOGE) and Shiba Inu (SHIB) have yet to be left behind. However, only time will tell how long the surge of these different assets can continue.
Note: This article should not be considered investment advice
