The post A Cryptocurrency Whale Makes a Huge Memecoin Sale: 4.497x Profit appeared on BitcoinEthereumNews.com.

According to activity detected by the cryptocurrency onchain monitoring platform Lookonchain, 5 different cryptocurrency whale wallets, probably belonging to the same person, sold memecoin. Data shows that 5 whale wallets sold 14.53 million dogwifhat (WIF) tokens, worth a total of $24 million. Interestingly, these cryptocurrency wallets only purchased the WIF tokens for a total of $5,340. This shows that the prospective trader made a profit of 4,497x from this transaction. Considering that the WIF token has fallen significantly from its peak value, the trader would have made a total profit of $69 million if he sold his tokens at the top. This means a return of 12,927x. WIF, perhaps one of the first of the memecoin wave on the Solana network, has a “dog wearing a hat” mascot and can actually be considered a Dogecoin counterpart. WIF currently ranks fourth among the largest memecoins in the world. The first three ranks are DOGE, SHIB and PEPE, respectively. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/a-cryptocurrency-whale-makes-a-huge-memecoin-sale-4-497x-profit/

---

Filed under: News - @ August 4, 2024 7:26 pm