A trader’s $310 investment in Solana (SOL)-based memecoin dogwifhat (WIF) is now worth more than $4.1 million, according to cryptocurrency tracker Lookonchain.
Look on chain note A trader bought 2.58 million WIF using 5.288 SOL worth $310 in late November. Since then, the value of the WIF has soared 13,307 times.
Over the weekend, traders sold 750,000 WIF for 9,363 SOL worth $1.21 million and still own 1.83 million WIF worth $2.91 million.
WIF is trading at $1.71 at the time of this writing. The 68th-largest cryptocurrency asset by market capitalization is up more than 5% in the last 24 hours, more than 216% in the past week, and more than 900% since the beginning of 2024.
WIF buyers aren’t the only cryptocurrency traders who have recently made huge profits from Memecoin. The same goes for Lookonchain. report Other companies have seen the value of their Pepe (PEPE) holdings soar.
The cryptocurrency tracker points out that a trader bought 600 billion PEPE worth $1.04 million on Binance at a high price 10 months ago and has been holding on to it ever since. PEPE is now worth about $3.35 million.
According to Lookonchain, the trader deposited 200 billion PEPE, worth $1.48 million, on Binance and still holds 400 billion frog-themed memecoins.
PEPE is trading at $0.000008 at the time of this writing. The 39th-largest cryptocurrency asset by market capitalization is up more than 25% in the last 24 hours, 300% in the past week, and more than 700% since early 2024.
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