A Solana memecoin called Dogwifhat (WIF) has made one lucky trader a lot of money.
A crypto trader who goes by the pseudonym Blockgraze told Coin Desk that he bought $1,000 worth of Memecoin in late November, which is now worth more than $100,000.
The trader bought WIF shortly after Solana’s listing because he thought a dog wearing a hat was “very funny.” He has cashed out $25,000 in profits, and the rest is still in his wallet.
Recently, BONK, another meme coin on Ethereum, has performed strongly, with its price rising by more than 90% today after landing on Binance and KuCoin. It will also be listed on Coinbase.
The bull market has just begun, and BONK has increased 200 times.
At the same time, similar tokens such as SATS and RATS are following in BONK’s footsteps.
It's crazy, but it shows a shift in market sentiment.
Does this mean you should buy these tokens? I don’t think so right now.
— Michaël van de Poppe (@CryptoMichNL)
December 15, 2023
Blockgraze told Coin Desk that the 100x gain was more about luck than skill, and that the purchase was like a gamble.
He said: "The secret is to be a fool, I guess. I probably should have sold it a couple of times, but the dog was wearing a hat."
Finding the next Dogwifhat (WIF)
Altcoins received a boost in sentiment today as Pomp Investments founder Anthony Pompliano said the Bitcoin bull run has begun.
Picking the next 100x crypto gem is always a difficult task, but one YouTube analyst says a new Ethereum-based crypto gaming finance project called Meme Kombat has the potential to earn at least 10x.
The project is currently in its presale phase and is close to reaching its $3.5 million price target after a single whale purchased $200,000 worth of tokens.
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