In line with Arkham Intelligence, a savvy provider has capitalized on the Solana meme coin Dogwifhat (WIF) frenzy, generating 33,000% returns on his Solana investment.
In a brand new tweet, Arkham Intelligence spotlights onchainclown, a Solana provider who has traded dozens of meme coins over the previous two months. The provider changed into in a position to flip $6,000 in SOL into tens of millions in realized income, growing his SOL investment by 330 times.
Elite Trader Prognosis: 330x on Solana
It’s Solana season – but again.
With $WIF breaking above a $1B valuation, let’s flashback to one among the traders we checked out almost 2 months up to now.
onchainclown.sol previously made $1.35M in income from $6K – now he’s as much as over $2M. https://t.co/74jQQl7yCl
— Arkham (@ArkhamIntel) March 2, 2024
Onchainclown’s most effective performance to this level has been on the coin WIF. The savvy provider made a aquire-in of easiest 102 SOL, spherical $6,000 on the time, and is now up $2 million in total income as WIF surpasses the $1 billion market capitalization.
The Solana provider provided WIF spherical two weeks after it changed into deployed on-chain, managing to construct 2.6% of the provision. Two months after the aquire, he gradually sold off his WIF, generating beneficial properties of roughly 9,140 SOL or $880,000.
The provider mute holds major portions of WIF across his accounts for a total income of $2 million, representing a return of larger than 330x on his initial investment of 102 SOL.
Dogwifhat, a canines-themed meme coin launched on the Solana blockchain over three months up to now, has emerged as the particular winner of the most in model rally.
WIF reached a noteworthy all-time high of $1.77 in this day’s trading session, overtaking tokens such as Floki (FLOKI) to change into the third largest canines token leisurely Dogecoin and Shiba Inu. WIF has joined the tip 100 cryptocurrencies by market capitalization, score 58th with a market cost of $1.74 billion.
The marketplace for canines coins has expanded mercurial for the reason that origin of March 2024. On the time of writing, WIF had risen 37.92% in the previous 24 hours to $1.75. The token has elevated by 438.69% in the final seven days. Speculations that Dogwifhat has been quietly listed on Robinhood’s European crypto trading platform have also contributed to its weekly stamp lengthen.
