Dogwifhat Early Trader Raises $134 Million in Net Profit Due to WIF ATH

Crypto News – Dogwifhat (WIF), a memecoin project based in Solana, broke records today.

Dogwifhat Early Trader Raises $134 Million in Net Profit Due to WIF ATH

The market valuation of the dog-themed project surged to about $4 billion after it reached its highest point of $4 earlier today, positioning it as the third largest memecoin. A $134 million unrealized profit was also realized on an early trader’s portfolio.

According to on-chain data obtained by the blockchain researcher Solscan, the investor started to amass WIF tokens in December 2023. WIF tokens are kept by the user at a wallet address called “Wifto100billy.” Over the previous few months, the user has accumulated 37.62 million WIF tokens, valued at $9.33 million. WIF was trading at $0.24 on average during the time. The trader’s portfolio contained roughly $150 million at memecoin’s $4 peak.