Crypto Trader Turns $1,800 to $11m In 3 Months With WIF
source link: https://cryptomode.com/news/crypto-trader-millionaire-wif/
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A cryptocurrency trader has joined the list of people who became millionaires from crypto investments.
This is the case of an unidentified user who turned a few thousand dollars into millions in just three months. The data revealed that the trader invested in a Solana-based meme coin, Dogwifhat (WIF).
Crypto Investor Bags Millions From a $1,800 WIF Investment
Lookonchain — an on-chain analytics platform — released a report of how a crypto investor purchased and kept 5.1 million WIF, only to become a millionaire after three months. Bought on Nov. 30, 2023, these WIF tokens were worth around $1,800, yet were valued at over $11 million on Mar. 8.
A trader bought 5.1M $WIF with only a cost of $1,749 on Nov 30 and has held it to now, which is now worth $10.9M!
This trader tried to limit sell $WIF on #Jupiter, but the order was not filled due to the high limit price.
So he canceled the limit order and transferred $WIF to… pic.twitter.com/eCRkN8DZBU
— Lookonchain (@lookonchain) March 8, 2024
According to Lookonchain, the trader wanted to reduce the sale of the Dogwifhat tokens but was unsuccessful because the order didn’t get filled due to the high limit price. This made him hold the tokens since then and move them to a new wallet address, which turned out to be a life-changing decision.
At purchase time, the Dogwifhat tokens were still below the $0.2 mark, but its bullish power has taken the price to a record high within the $2.37 range, but it currently sits at $2.17.
WIF 1D Chart | Source: CoinMarketCap
According to crypto analyst Bluntz Capital, the WIF token will keep witnessing a bullish trend. He added that WIF, the fifth largest meme coin by market cap, will surge past two coins ahead of it in that category.
you just know the hat is gonna be flipping atleast 2 of these https://t.co/3FZZntyTJv
— Bluntz (@Bluntz_Capital) March 3, 2024
Disclaimer
This article is provided for information only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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