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An investor in WIF memcoin earned about $4.1 million after spending about $310

Market and Events: An investor in WIF memcoin earned about $4.1 million after spending about $310

In November 2023, the trader invested 5.28 SOL to acquire 2.58 million WIF tokens. His portfolio is currently valued at $4.1 million, according to analysts at Lookonchain.

At the time of purchase, 5.28 SOL was equivalent to $310. For several months, the investor kept WIF coins in his wallet; by March 2024, he started selling assets amid a sharp rise in the #memcoin exchange rate.

Hodler reportedly sold 750,000 WIF tokens for 9,363 SOL. The total profit exceeded $1.21 million, and the trader was left with 1.83 million #WIF tokens worth $2.91 million in his hands.

Dogwifhat (WIF) represents mimcoins on the #Solana network. The asset's creator chose an image of a dog wearing a knitted Panama hat as its "logo". Since its launch, the WIF token has risen in value by more than 700%, according to TradingView.

On March 4, 2024, the coin reached an all-time high of $1.91. Currently, WIF is trading at nearly $1.61 USD:

Thus, between January 13 and January 18, the value of the WIF token jumped 163%. Other memcoins are also showing steady growth.

An investor in WIF memcoin earned about $4.1 million after spending about $310
WIF/USDT chart. Source: TradingView.

According to K33 Research, this trend may indicate the impending altcoin season.

Share this news and win 10 USDT with daily contest on CryptoFingers Telegram.
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