How This Meme Coin Trader Made $24,000,000 With Dogwifhat (WIF)

Onchain analytics firm Lookonchain made a post revealing how 5 wallets, possibly belonging to a meme coin trader, made $24 million trading Dogwifhat (WIF).

A meme coin trader made a massive gain of $24,000,000 by trading Dogwifhat (WIF) in a remarkable seven-hour span, according to onchain analytics firm Lookonchain.

The trader's journey began on November 30, when they purchased 14.53 million WIF at an astonishing price of $5,340. As months passed, the value of WIF soared, driven by a relentless rally.

However, the good times came to an end as the value of dogwifhat started to drop, prompting the trader to sell their holdings a few hours ago. The total return from this trade was an incredible 4,497x.

Had the trader sold at the peak price, they would have realized a staggering gain of over $69,000,000, an astonishing return of 12,927x. This impressive 4,497x return propelled the asset's value to an impressive $24,000,000.