{"id":15817,"date":"2024-08-04T11:12:10","date_gmt":"2024-08-04T08:12:10","guid":{"rendered":"https:\/\/forklog.com\/en\/trader-achieves-4497-fold-profit-on-meme-token-wif\/"},"modified":"2024-08-04T11:12:10","modified_gmt":"2024-08-04T08:12:10","slug":"trader-achieves-4497-fold-profit-on-meme-token-wif","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/trader-achieves-4497-fold-profit-on-meme-token-wif\/","title":{"rendered":"Trader Achieves 4,497-Fold Profit on Meme Token WIF"},"content":{"rendered":"<p>Five wallets, likely owned by a single individual, sold 14.53 million WIF tokens for approximately $24 million, as noted by analysts at Lookonchain.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">5 wallets(may belong to the same person) sold 14.53M <a href=\"https:\/\/twitter.com\/search?q=%24WIF&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$WIF<\/a>($24M) 7 hours ago!<\/p>\n<p>Incredibly, this guy bought 14.53M <a href=\"https:\/\/twitter.com\/search?q=%24WIF&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$WIF<\/a> on Nov 30, 2023, and the cost was only $5,340!<\/p>\n<p>He got a 4,497x return!<\/p>\n<p>If he sold at the highest price, he would have made a profit of more than $69M, a 12,927x\u2026 <a href=\"https:\/\/t.co\/Of1kpEwOze\">pic.twitter.com\/Of1kpEwOze<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1819585512501661794?ref_src=twsrc%5Etfw\">August 3, 2024<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to experts, the trader acquired the tokens on November 30, 2023, for a total of $5,340, thereby increasing his deposit 4,497 times.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cIf he had sold them at the peak, he would have earned over $69 million, achieving a 12,927-fold profit,\u201d analysts noted.<\/cite><\/p><\/blockquote>\n<p>Over the past week, WIF has fallen by 37.8%, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/dogwifhat\">CoinGecko<\/a>. At the time of writing, the token is trading at $1.53.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"640\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-08-04-v-11.07.37-1024x640.png\" alt=\"Snimok-ekrana-2024-08-04-v-11.07.37\" class=\"wp-image-238314\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-08-04-v-11.07.37-1024x640.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-08-04-v-11.07.37-300x188.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-08-04-v-11.07.37-768x480.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-08-04-v-11.07.37-1536x960.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-08-04-v-11.07.37-2048x1280.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly chart of WIF\/USDT on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/WIFUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Previously, an insider trader earned $5.6 million on DADDY, promoted by Andrew Tate. The former kickboxer launched the meme token as a competitor to the MOTHER coin by singer Iggy Azalea.<\/p>\n<p>In June, some users made millions from the listing of WaterCoin (WATER) on the Jupiter and Raydium exchanges. Immediately after trading began, the meme token surged by 83%, bringing $2.9 million to one trader.<\/p>\n<p>Ethereum co-founder Vitalik Buterin has criticized celebrity experiments with meme coins, urging a focus on projects that benefit the public rather than enriching insiders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Five wallets, likely owned by a single individual, sold 14.53 million WIF tokens for approximately $24 million, as noted by analysts at Lookonchain. 5 wallets(may belong to the same person) sold 14.53M $WIF($24M) 7 hours ago! Incredibly, this guy bought 14.53M $WIF on Nov 30, 2023, and the cost was only $5,340! He got a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15816,"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":[1267,1161],"class_list":["post-15817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-trading","tag-memes"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15817","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=15817"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15817\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/15816"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=15817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=15817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=15817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}