oh! Just imagine that $310 turns into a whopping $3.12 million for him. This is an incredible story when the price of Dogwifat (WIF) soared to $1.25, giving some traders an incredible return of 10,075x.
Dive into the wonderful world of this Solana-based meme coin.
meme season calling?
Dogwifhat (WIF) has been listed on major trading companies such as Robinhood, KuCoin, and Binance Futures, making it a hot topic. This not only shows the growing popularity of meme coins, but also highlights the influence of key players in the crypto world. The price of this coin rose significantly, and Whale invested 9,999 SOL (approximately $1.34 million), attracting the attention of the entire market.
WIF’s surge is being fueled by a broader bull market in meme coins. Riding the wave of the memecoin festival, the coin rose an astonishing 300% in just one week. In particular, a trader who three months ago invested his $310 in 2.58 million WIF coins now has an astonishing $3.12 million in his pocket thanks to the ongoing bull market.
Also read: Meme Coin Mania Explodes, Shiba Inu Price Soars, Dogwifat (WIF) Shows Strong Momentum
whale eye meme coin
Despite rising prices, whale interest in Dogwifat remains strong. Just 6 hours ago, a significant transaction was made where Whale invested his $1.34 million and he acquired 1.49 million of his WIF tokens, highlighting the growing interest in the coin. I did. These large movements by whales contributed to the significant price increase in WIF. However, according to Lookonchain, Solana Whale also acquired $1.34 million worth of WIF tokens shortly after Robinhood went public.
Besides WIF, other meme coins such as Shiba Inu (SHIB) and Dogecoin (DOGE) have also experienced significant gains. SHIB rose an impressive 52.85% in the past 24 hours to reach $0.00001976, with a market cap of $11.65 Billion. Meanwhile, DOGE continues to rise, posting an 18% gain and an impressive 66% gain over the past week.
Read more: Will these top meme coins rise 100% this week?
market snapshot
The current soaring price of meme coins has captured the enthusiasm of both retail and large-scale investors. After hitting a low in January, WIF reached its all-time high of $1 on March 1, 2024, marking an astounding 1400% rise. The relative strength index, which indicates overbought conditions, remained above 70% from February 26th to 29th, temporarily fell below, but rose above this threshold on March 1, 2024. did.
With WIF's price up 272% since February, the burning question is: What's next for Dogwifhat? Stay tuned for more updates from Coinpedia!
