How One Trader Missed Out on Earning $653,000,000 with Solana Meme Coin dogwifhat (WIF)

According to the blockchain data analytics firm Lookonchain (@lookonchain), the developer of the Solana-based meme coin WIF (WIF) made a seemingly unfortunate move that cost them a massive potential profit. In a tweet, Lookonchain revealed, “The saddest thing is that the $WIF dev sold 350M $WIF for 511 $SOL($29K) within 2 days after open trading. The 350M $WIF is worth 693M currently!”

Remaining WIF Tokens and Missed Opportunity

While the developer had already sold a significant portion of their WIF tokens for a relatively small sum, Lookonchain highlighted that they still had some tokens left in another wallet. In a follow-up tweet, the firm stated, “But he still had a wallet left that did not sell$WIF immediately. This wallet also spent 2$SOL($110) to buy 489,674$WIF and sold 12.4M$WIF for 896K$USDC. There are currently 589,199$WIF($1.17M) left.”

Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK?🤫

The key? Getting in early, especially during the ICO phase. Check out NuggetRush today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. Seize the opportunity with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.

Show more +

Massive Missed Profit

Based on the information provided by Lookonchain, the WIF developer had initially sold 350 million WIF tokens for around $29,000 worth of SOL tokens. However, those 350 million WIF tokens are now worth a staggering $693 million, meaning the developer missed out on a potential profit of approximately $653,000,000 by selling too early.

While the developer still holds some WIF tokens worth around $1.17 million, the missed opportunity to earn over $653 million serves as a cautionary tale for traders and developers alike, highlighting the importance of timing and market analysis in the volatile world of cryptocurrencies and meme coins.

You may also be interested in:

Check NuggetRush ($NUGX)

Sponsored: Invest Responsibly, Do Your Own Research.
Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.


Julian Joseph Lehmann