đđA Cryptocurrency Whale Sold Memecoin Loaded: Made 4,497x Profit đ„đ„
An activity detected by the cryptocurrency onchain monitoring platform Lookonchain revealed that five different cryptocurrency whales, possibly belonging to the same person, were selling memecoins.
According to data, these five whale wallets sold a total of 14.53 million Dogwifhat (WIF) tokens, worth $24 million. Interestingly, these wallets purchased WIF tokens for a total of only $5,340. This shows that the trader made 4,497 times profit from this transaction.
Considering that the WIF token has fallen significantly from its peak value, the trader would have made a total profit of $69 million if he sold the tokens at the highest price. This means a return of 12,927 times.
WIF, perhaps one of the first examples of the memecoin wave on the Solana network, has a âhat-wearing dogâ mascot and can actually be considered a Dogecoin counterpart.
WIF currently ranks fourth among the largest memecoins in the world. The top three ranks are DOGE, SHIB and PEPE.
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