A cute new Solana meme coin called #Dogwifhat (WIF) has made one lucky trader a lot of money.
A pseudonymous crypto trader called Blockgraze told Coin Desk that he purchased $1,000 of the meme coin in late November and that now it’s worth more than $100,000.
The trader purchased WIF shortly after its launch on Solana because he thought a dog wearing a hat was ”very funny.” He has already cashed out $25,000 of the profits, while he still holds the rest in his wallet.
Dog-themed meme coins have performed strongly recently with BONK, another Solana-based memecoin, soaring more than 90% today after its listing on Binance and KuCoin. It is also set for a Coinbase listing.
Finding The Next Dogwifhat (WIF)
With Pomp Investments founder Anthony Pompliano saying that a Bitcoin bull run has already begun, altcoins are today riding a wave of buoyant market sentiment.
Picking the next 100x crypto gem gem is always a tough ask, but one YouTube analyst says Meme Kombat, a new crypto GameFi project running on Ethereum, has the potential for at least 10x gains. The project is currently in presale and is close to reaching its price target of $3.5 million.
