{"id":88293,"date":"2023-12-15T12:01:06","date_gmt":"2023-12-15T10:01:06","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=88293"},"modified":"2025-09-13T17:07:50","modified_gmt":"2025-09-13T14:07:50","slug":"trader-turns-1000-into-200000-on-meme-token-wif","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/trader-turns-1000-into-200000-on-meme-token-wif\/","title":{"rendered":"Trader turns $1,000 into $200,000 on meme token WIF"},"content":{"rendered":"

A crypto trader using the pseudonym Blockgraze turned $1,000 into $200,000 by trading the meme token Dogwifhat (WIF), whose mascot is a dog in a knitted hat. He told CoinDesk in an interview with CoinDesk<\/a>.<\/p>\n

The user bought WIF in late November after its debut on Solana’s DeFi market.<\/p>\n

According to CoinGecko<\/a>, at the time of writing the asset was trading at $0.0379, and the 24-hour trading volume reached $14 million.<\/p>\n

\"User
Hourly WIF\/USD chart on Raydium. Data: GeckoTerminal<\/a>.<\/figcaption><\/figure>\n
\n

\u201cI thought the dog in the hat was very funny, and that\u2019s why I bought the coin,\u201d he said.<\/p>\n<\/blockquote>\n

Blockgraze added that he has already withdrawn $75,000, while the rest of the tokens remain in his wallet. His portfolio also includes the meme token BONK.<\/p>\n

As of December 15 the trader had 5.4 million WIF worth about $175,000 after the price drop. He plans to hold the assets for now.<\/p>\n

\n

took out taxes into my real
bank account and flipped my BONK and WIF sales from SOL to cash on Coinbase so I can sleep tonight<\/p>\n

have 5.4 million WIF left now worth about $175k on this dip<\/p>\n

have sold about $70k WIF I think<\/p>\n

HODLing as much as I can tolerate <\/p>\n

?<\/p>\n

\u2014 blockgraze (@blockgraze) December 15, 2023<\/a><\/p><\/blockquote>\n