A trader who invested just $310 in the Solana-based memecoin Dogwifhat (WIF) in late November now has a portfolio worth over $4.1 million.
WIF’s Meteoric Rise
According to crypto tracker Lookonchain, the trader purchased 2.58 million WIF for 5.288 SOL, which was worth $310 at the time. Since then, the value of WIF has skyrocketed by 13,307x.
Partial Sale and Remaining Holdings
Over the weekend, the trader sold 750,000 WIF for 9,363 SOL, netting $1.21 million. However, they still hold 1.83 million WIF, which is currently worth $2.91 million.
WIF’s Market Performance
At the time of writing, WIF is trading at $1.71. It has gained over 5% in the past 24 hours, 216% in the past week, and over 900% since the start of 2024.
Other Memecoin Success Stories
The WIF investor is not the only one to reap massive gains from memecoins. Lookonchain also reports that a trader who bought 600 billion Pepe (PEPE) for $1.04 million 10 months ago now has a portfolio worth approximately $3.35 million.
PEPE’s Market Performance
PEPE is currently trading at $0.000008. It has surged over 25% in the past 24 hours, 300% in the past week, and 700% since the start of 2024.
