WIF Trader Turns $1.8K Investment Into $11M

Amid the ongoing meme coin surge taking place within the digital asset market, one dogwifhat (WIF) trader turned a $1.8K investment into $11 million in just 3 months. Indeed, Lookonchain reported the massive turnaround that took place through the purchase of 5.1 million WIF on November 30th.

The digital asset market has seen massive increases take place over the last week. Bitcoin (BTC) seemingly led the surge, reaching a new all-time high after it surpassed $69,000. Moreover, dogwifhat (WIF) has continued to be a pleasant surprise. Over the last day, the meme coin has been up by as much as 18%, according to CoinMarketCap.

Also Read: WIF, FLOKI, and PEPE Lead the Meme Coin Surge in a Crypto Standoff

Trader’s 5.1 Million WIF Hits $11 Million Value in Just 3 Months

For the last week, meme coins have surged to levels that not many investors expected. The assets defined by their volatility have come to account for nearly all of the 7 biggest gainers this week. One of the most surprising winners has been Dogwifhat (WIF), with the Solana-based meme coin exploding in value.

Moreover, Lookonchain reveals one fortunate investment move that has led to massive gains. Specifically, one dogwifhat (WIF) trader had turned what was a $1.8K investment into $11 million in just 3 months. Indeed, the trader purchased 5.1 million WIF for $1,749. Subsequently, the asset’s price skyrocketed, increasing by over 1,200%, which led to the investment’s value reaching $11.2 million.

Also Read: 2 Whales Buy DogWifHat (WIF) Worth $5 Million, Price Spikes 40%

According to the original post, the investor had attempted to limit selling WIF on Jupiter but was unable to because of the high limit price. Therefore, they have canceled the limit order, and have begun the process of transferring the WIF to new wallets. Interestingly, this is not the only time such a massive profit has been made on similar investments. Especially amid the current bull market, meme coins have registered massive gains for several savvy investors.

Since first arriving in 2023, WIF has experienced a meteoric rise similar to a meme coin like Pepe. However, most of its gains have occurred in the last 30 days alone. In that timeframe, the meme coin has increased by more than 915%. Although that has certainly slowed, the token is still gaining today.

The meme coin market has seen Pepe, BONK, and WIF as the leading gainers over the most recent surge. However, that has continued to be some of the most prominent meme coins. Dogecoin (DOGE) and Shiba Inu (SHIB) have not fallen by the wayside. Yet, only time will tell how long the surge can continue for these various assets.