{"id":11269,"date":"2024-03-04T12:15:38","date_gmt":"2024-03-04T10:15:38","guid":{"rendered":"https:\/\/forklog.com\/en\/trader-begins-offloading-meme-coin-after-4530-fold-profit-on-wif\/"},"modified":"2024-03-04T12:15:38","modified_gmt":"2024-03-04T10:15:38","slug":"trader-begins-offloading-meme-coin-after-4530-fold-profit-on-wif","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/trader-begins-offloading-meme-coin-after-4530-fold-profit-on-wif\/","title":{"rendered":"Trader Begins Offloading Meme Coin After 4530-Fold Profit on WIF"},"content":{"rendered":"<p>An investor who previously <a href=\"https:\/\/u1f987.com\/en\/news\/trader-achieves-4530-fold-profit-on-wif-meme-token\">earned over $1 million<\/a> from the rise in the price of the meme token WIF has started selling the coin. Analysts at Lookonchain noted this development.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The trader who spent only 5.288 <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a>($310) to buy 2.58M <a href=\"https:\/\/twitter.com\/search?q=%24WIF&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$WIF<\/a> ($4.1M currently) started to sell <a href=\"https:\/\/twitter.com\/search?q=%24WIF&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$WIF<\/a> for profits at the highest price.<\/p>\n<p>He sold 750K <a href=\"https:\/\/twitter.com\/search?q=%24WIF&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$WIF<\/a> for 9,363 <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a>($1.21M) at $1.61, with 1.83M <a href=\"https:\/\/twitter.com\/search?q=%24WIF&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$WIF<\/a> ($2.91M) left.<\/p>\n<p>The total profit is $4.12M(13,307x)!<a href=\"https:\/\/t.co\/Fc8EWZ673m\">https:\/\/t.co\/Fc8EWZ673m<\/a> <a href=\"https:\/\/t.co\/elFRilLtNd\">pic.twitter.com\/elFRilLtNd<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1764530753025749263?ref_src=twsrc%5Etfw\">March 4, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The trader held 2.58 million WIF. After the asset reached a value of $4.1 million, he began exchanging it for Solana.<\/p>\n<p>Starting on March 3, he sold 750,000 WIF for 9,363 SOL ($1.21 million) at a price of $1.61.\u00a0<\/p>\n<p>Currently, his wallet still holds 1.83 million WIF valued at $2.91 million.<\/p>\n<p>The total profit amounts to 13,307 times the initial investment \u2014 $4.12 million.<\/p>\n<p>At the time of writing, WIF is trading at $1.86 \u2014 the meme coin has quadrupled in value over the week, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/dogwifhat\">CoinGecko<\/a>. The coin&#8217;s market capitalization has exceeded $1.8 billion.<\/p>\n<p>Previously, online broker Robinhood added support for dogwifhat without prior announcement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An investor who previously earned over $1 million from the rise in the price of the meme token WIF has started selling the coin. Analysts at Lookonchain noted this development.\u00a0 The trader who spent only 5.288 $SOL($310) to buy 2.58M $WIF ($4.1M currently) started to sell $WIF for profits at the highest price. He sold [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11268,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1267,436],"class_list":["post-11269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-trading","tag-trading"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/11269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=11269"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/11269\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/11268"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=11269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=11269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=11269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}