Solana-primarily based memecoin Dogwifhat is on a principal ticket rally with good points standing at a staggering 300% over the final week. The novel Dogwifhat (WIF) ticket rally to $1.25 has helped some merchants mint multi-million dollars in a brief time.
Trader Makes $3.12 Million in Dogwifhat (WIF) Label Rally
Insights from on-chain data provider Lookonchain point to a resounding feat within the cryptocurrency market. Because the worth of $WIF (Token WIF) continues its upward trajectory, data indicates that a trader who on the starting up bought 2.58 million $WIF with easiest 5.288 $SOL (Solana token) valued at $310, is now witnessing a nice prolong of their investment.
Remarkably, the initial investment of $310 has now liked to a staggering $3.12 million, reflecting a principal extinguish for the trader. This unprecedented growth equates to a resounding extinguish of 10,075 instances the initial investment over a duration of three months.
As $WIF continues to upward thrust, the 2.58M $WIF this trader bought with easiest 5.288 $SOL($310) is now worth $3.12M!
This trader made $3.12M in 3 months, a extinguish of 10,075x!https://t.co/Fc8EWZ673m
— Lookonchain (@lookonchain) March 2, 2024
WIF Whale Trying to get Continues
Despite this rally, the whale interest in Dogwifhat stays solid. A essential transaction sharp a whale has caught the honor of market participants. Wonderful six hours ago, a whale invested 9,999 $SOL (Solana token), equivalent to $1.34 million, to extinguish 1.49 million $WIF at a ticket of $0.8995 per token. This nice investment underscores increasing interest in $WIF and highlights the evolving dynamics within the cryptocurrency intention.
The ticket of $WIF broke by $1 and has elevated by ~250% within the previous week.
One more whale spent 9,999 $SOL($1.34M) to aquire 1.49M $WIF at $0.8995 6 hours ago.https://t.co/m1dgfoPJE0 pic.twitter.com/xU4rZNgcWg
— Lookonchain (@lookonchain) March 1, 2024
Because the Solana-primarily based memecoin comes into the limelight, huge avid gamers relish proven interest in supporting WIF. Earlier on Thursday, February 29, Robinhood announced toughen for the WIF coin among loads of diverse cryptocurrencies.
Furthermore, the big mania precipitated by the memecoin fest has additional supported the continuing rally in Dogwifhat. In the final 24 hours, the Shiba Inu (SHIB) ticket has surged by 52.85%, reaching $0.00001976, accompanied by a market cap of $11.65 billion. Additionally, the on day by day basis procuring and selling volume for SHIB has soared by a resounding 93%, drawing approach $4 billion.
Meanwhile, the Dogecoin (DOGE) rally persists with an additional 18% prolong on the novel second, surpassing $0.15. In the previous week on my own, the DOGE ticket has skyrocketed by an unprecedented 66%.
