Cryptocurrencies (especially meme coins) have been recognized to show many into in a single day millionaires prior to now. This has occurred once more as a crypto trader was not too long ago reported to have made $11 million from a single commerce.
How $1,800 Turned Into $11 Million
On-chain analytics platform Lookonchain revealed in an X (previously Twitter) post how a dealer purchased 5.1 million Dogwifhat (WIF) tokens for $1,749 on November 30 and has held them until now, with these tokens now price $10.9 million. Apparently, this dealer had tried to restrict the sale of those tokens then however was unsuccessful because the order didn’t get crammed because of the excessive restrict value.
Having been unsuccessful in his try to dump these tokens, he selected to carry them and transferred them to a brand new pockets. That was a life-changing choice, seeing because the dealer has made an unrealized profit of over $10.9 million. When these WIF tokens have been purchased, the meme coin was nonetheless under the $0.2 mark.
Since then, WIF has seen an unbelievable run, not too long ago hitting an all-time excessive (ATH) of $2.37, which explains why this dealer’s holdings have risen to such an quantity. There’s cause to consider that the meme coin’s run isn’t performed but, as crypto analyst Bluntz Capital hinted that it might turn out to be the second most beneficial meme coin, solely behind Dogecoin (DOGE).
Furthermore, WIF continues to be gaining a lot traction with the crypto token not too long ago listed on the most important crypto trade, Binance. Meaning there may be the potential for WIF to make extra strikes to the upside. Bluntz predicts that the meme coin might run as much as as excessive as $5.
Not The First Meme Coin To Change Lives
Bitcoinist previously reported how an nameless crypto investor (merely referred to as “Shibtoshi”) turned a billionaire with Shiba Inu (SHIB) by investing $8,000 within the meme coin again in August 2020, when the token started buying and selling. That was earlier than the meme coin had its insane run in 2021, when it noticed a acquire of 46,000,000%. Shibtoshi held for nearly a 12 months till October 2021, resulting in his holdings rising to a whopping $5.7 billion.
The foremost meme coin, DOGE, was additionally recognized to have made many millionaires and even billionaires throughout that interval, with 2021 additionally being the crypto token’s breakout year. One such individual was Glauber Contessoto, referred to as SlumDOGE Millionaire on the X platform, who noticed his holdings attain $2.9 million on the peak of the meme coin’s run.
WIF value at $2.11 | Supply: WIFUSDT on Tradingview.com
Featured picture from SolanaFloor, chart from Tradingview.com
