A dealer’s $310 funding into the Solana (SOL)-based memecoin dogwifhat (WIF) is now valued at greater than $4.1 million, in accordance with the crypto tracker Lookonchain.
Lookonchain notes the dealer used 5.288 SOL value $310 to purchase 2.58 million WIF in late November. The worth of that WIF has since skyrocketed by 13,307x.
Over the weekend, the dealer bought 750,000 WIF for 9,363 SOL value $1.21 million, and so they nonetheless personal 1.83 million WIF value $2.91 million.
WIF is buying and selling at $1.71 at time of writing. The 68th-ranked crypto asset by market cap is up greater than 5% up to now 24 hours, greater than 216% up to now week and greater than 900% for the reason that begin of 2024.
That WIF purchaser isn’t the one crypto dealer to attain staggering positive factors off a memecoin not too long ago: Lookonchain additionally reports {that a} completely different entity has seen the worth of their Pepe (PEPE) holdings surge.
The crypto tracker notes a dealer purchased 600 billion PEPE value $1.04 million from Binance at a excessive worth 10 months in the past and has held onto it ever since. Now, that trove of PEPE is value roughly $3.35 million.
The dealer deposited 200 billion PEPE value $1.48 million to Binance and nonetheless holds 400 billion of the frog-theme memecoin, in accordance with Lookonchain.
PEPE is buying and selling at $0.000008 at time of writing. The Thirty ninth-ranked crypto asset by market cap is up greater than 25% up to now 24 hours, 300% up to now week, and 700% for the reason that begin of 2024.
Do not Miss a Beat – Subscribe to get e-mail alerts delivered on to your inbox
Verify Price Action
Observe us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Each day Hodl will not be funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual danger, and any loses you could incur are your accountability. The Each day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Each day Hodl an funding advisor. Please observe that The Each day Hodl participates in online marketing.
Generated Picture: DALLE3
