Cryptocurrencies (particularly meme cash) have been identified to show many into in a single day millionaires up to now. This has occurred once more as a crypto dealer was just lately 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) submit 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 value $10.9 million. Curiously, this dealer had tried to restrict the sale of those tokens then however was unsuccessful because the order didn’t get stuffed 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 revenue of over $10.9 million. When these WIF tokens had been purchased, the meme coin was nonetheless beneath the $0.2 mark.
Since then, WIF has seen an unimaginable run, just lately hitting an all-time excessive (ATH) of $2.37, which explains why this dealer’s holdings have risen to such an quantity. There’s purpose to imagine that the meme coin’s run isn’t completed but, as crypto analyst Bluntz Capital hinted that it may change into the second most respected meme coin, solely behind Dogecoin (DOGE).
Furthermore, WIF remains to be gaining a lot traction with the crypto token just lately listed on the most important crypto change, Binance. Which means there may be the potential for WIF to make extra strikes to the upside. Bluntz predicts that the meme coin may run as much as as excessive as $5.
Not The First Meme Coin To Change Lives
Bitcoinist beforehand reported how an nameless crypto investor (merely referred to as “Shibtoshi”) grew to become 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 achieve of 46,000,000%. Shibtoshi held for nearly a yr till October 2021, resulting in his holdings rising to a whopping $5.7 billion.
The foremost meme coin, DOGE, was additionally identified to have made many millionaires and even billionaires throughout that interval, with 2021 additionally being the crypto token’s breakout yr. 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