Onchain analytics firm Lookonchain made a post revealing how 5 wallets, possibly belonging to a meme coin trader, made $24 million trading Dogwifhat (WIF).
The trader bought 14.53 million WIF on November 30, which was worth only $5,340.
5 wallets(may belong to the same person) sold 14.53M $WIF($24M) 7 hours ago!Incredibly, this guy bought 14.53M $WIF on Nov 30, 2023, and the cost was only $5,340!He got a 4,497x return!If he sold at the highest price, he would have made a profit of more than $69M, a 12,927x⊠pic.twitter.com/Of1kpEwOze
â Lookonchain (@lookonchain) August 3, 2024
The investor held on to the token as it spiked for months, as WIF price increased in value. However, dogwifhat started to fall in value prompting the trader to sell a few hours ago. The total return from the move was around 4,497x.
If the trader had sold at the highest price, they would have gotten more than $69 million, a return of 12,927x. The 4,497x return spiked the asset value up to $24 million.
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The post How This Meme Coin Trader Made $24,000,000 With Dogwifhat (WIF) appeared first on CaptainAltcoin.
