'Shiba Inu Killer' Dogwifhat Nets Trader 1,000x Gain: $1.5M Cashed Out, $5.5M Left To Go
Portfolio Pulse from Ivan Crnogatić
A trader has netted a 1,197x gain from the meme coin Dogwifhat (WIF), cashing out $1.57 million while still holding $5.47 million worth of WIF. The coin has surged 34% in the past week, reflecting a broader trend of meme coins gaining despite dips in major cryptocurrencies.
May 29, 2024 | 1:23 pm
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POSITIVE IMPACT
Floki (FLOKI), another meme coin, is also experiencing gains similar to Dogwifhat (WIF), indicating a broader trend in the meme coin market.
The positive performance of WIF suggests a favorable environment for other meme coins like FLOKI, which could see similar investor interest and price increases.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 30
POSITIVE IMPACT
Solana's ecosystem benefits from the surge in Dogwifhat (WIF), a meme coin built on its blockchain, which has seen a 34% increase in the past week.
The rise in WIF, a meme coin on the Solana blockchain, highlights the growing activity and interest in Solana's ecosystem, potentially boosting SOL's value.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50