A cryptocurrency trader turned a mere $310 investment into a staggering $5 million within just 8 weeks. This incredible feat was achieved by investing in a Solana-based meme coin known as dogwifhat (WIF). The trader purchased 2.58 million WIF tokens with 5.288 SOL in late November 2023 when SOL was valued at $310. By March 2024, the value of the WIF tokens had soared to nearly $6 million, and the trader cashed out some tokens for over $1.2 million in SOL.
The article also mentions the recent surge in popularity of other meme coins such as Pepe (PEPE), Bonk (BONK), Shiba Inu (SHIB), Dogecoin (DOGE), and Floki (FLOKI). It highlights that meme coin investors are seeking out smaller valuation, high-potential alternatives like Smog (SMOG), which is another Solana-based meme coin.
