A cryptocurrency dealer has turned $310 into $5 million in 3 months, as per information shared by on-chain good cash sleuth X account @lookonchain.
The dealer made whopping income by investing in Solana-based meme coin dogwifhat (WIF), which blew up in 2024.
The dealer who spent solely 5.288 $SOL($310) to purchase 2.58M $WIF ($4.1M at present) began to promote $WIF for income on the highest value.
He offered 750K $WIF for 9,363 $SOL($1.21M) at $1.61, with 1.83M $WIF ($2.91M) left.
The whole revenue is $4.12M(13,307x)!https://t.co/Fc8EWZ673m pic.twitter.com/elFRilLtNd
— Lookonchain (@lookonchain) March 4, 2024
The dealer used 5.288 SOL (price $310 on the time) to purchase 2.58 million WIF tokens in late November.
On the present market value of $2.30, 2.58 million WIF tokens could be price near $6 million.
However the dealer seems to have already been reserving some revenue.
As per solscan.io, their WIF holdings had been final 1.831 million, with a present market valuation of round $4 million.
In the meantime, the account now holds 9,362 SOL tokens price just below $950,000.
This cryptocurrency dealer turning $310 to $5 million in 3 months might positively go down as one in all this bull market’s most legendary tales.
Meme Coin Mania Continues Rising
In wake of Bitcoin hitting recent file highs above $70,000 on Friday, main meme cash proceed to pump.
Pepe (PEPE), dogwifhat (WIF), Bonk (BONK), Shiba Inu (SHIB) and Dogecoin (DOGE) are all within the prime 10 best-performing cryptos on Friday, up between 10-30% in 24 hours, as per CoinMarketCap.
Floki (FLOKI), in the meantime, is up near 80% in 24 hours.
However every of those meme cash now have a market cap of at the very least $2 billion.
Dogecoin and Shiba Inu, in the meantime, have market caps of above $20 billion.
That means the room for upside is changing into extra restricted.
A meme coin valued underneath $200 million is more likely to have the ability to safe 100x beneficial properties, for instance.
Meme coin traders are thus attempting to find smaller valuation, high-potential options.
Meme Coin Different – Smog (SMOG)
A Solana-based meme coin known as Smog (SMOG) has been turning a variety of heads just lately as its value pumps.
Its value has pumped practically 8x since late February to achieve a market cap of $270 million, as per DEXTools.
The dragon-themed token markets itself as providing Solana’s biggest airdrop of all time.
Merchants can qualify for the airdrop by shopping for a holding SMOG on Solana, or staking the token on Ethereum.
Regardless that its market cap stays modest, SMOG already boasts a powerful group.
Certainly, as per birdeye.so, it already has over 60,000 holders.
Given all the thrill about Solana airdrops in current months, SMOG might acquire vital curiosity within the coming weeks.
SMOG might ship at the very least 10x beneficial properties to traders, therefore its rank in the very best crypto meme cash to purchase now.
Merchants ought to be aware that they’ll clinch a ten% low cost when shopping for SMOG instantly via the mission’s web site.
They’ll additionally stake their tokens for a 42% APY.
