A dealer’s $310 funding into the Solana (SOL)-based memecoin dogwifhat (WIF) is now valued at greater than $4.1 million, in keeping with the crypto tracker Lookonchain.
Lookonchain notes the dealer used 5.288 SOL price $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 price $1.21 million, and so they nonetheless personal 1.83 million WIF price $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% previously 24 hours, greater than 216% previously 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 aspects off a memecoin lately: 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 price $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 price roughly $3.35 million.
The dealer deposited 200 billion PEPE price $1.48 million to Binance and nonetheless holds 400 billion of the frog-theme memecoin, in keeping 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% previously 24 hours, 300% previously week, and 700% for the reason that begin of 2024.
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