Cryptocurrency Trader Turns $310 Into $5 Million in 3 Months – Here’s How
A cryptocurrency trader has turned $310 into $5 million in 3 months, as per data shared by on-chain smart money sleuth X account @lookonchain.
The trader made whopping profits by investing in Solana-based meme coin dogwifhat (WIF), which blew up in 2024.
The trader who spent only 5.288 $SOL($310) to buy 2.58M $WIF ($4.1M currently) started to sell $WIF for profits at the highest price.
He sold 750K $WIF for 9,363 $SOL($1.21M) at $1.61, with 1.83M $WIF ($2.91M) left.
The total profit is $4.12M(13,307x)!https://t.co/Fc8EWZ673m pic.twitter.com/elFRilLtNd
— Lookonchain (@lookonchain) March 4, 2024
The trader used 5.288 SOL (worth $310 at the time) to buy 2.58 million WIF tokens in late November.
At the current market price of $2.30, 2.58 million WIF tokens would be worth close to $6 million.
But the trader appears to have already been booking some profit.
As per solscan.io, their WIF holdings were last 1.831 million, with a current market valuation of around $4 million.
Meanwhile, the account now holds 9,362 SOL tokens worth just under $950,000.
This cryptocurrency trader turning $310 to $5 million in 3 months could definitely go down as one of this bull market’s most legendary stories.
In wake of Bitcoin hitting fresh record highs above $70,000 on Friday, major meme coins continue to pump.
Pepe (PEPE), dogwifhat (WIF), Bonk (BONK), Shiba Inu (SHIB) and Dogecoin (DOGE) are all in the top 10 best-performing cryptos on Friday, up between 10-30% in 24 hours, as per CoinMarketCap.
Floki (FLOKI), meanwhile, is up close to 80% in 24 hours.
But each of these meme coins now have a market cap of at least $2 billion.
Dogecoin and Shiba Inu, meanwhile, have market caps of above $20 billion.
That suggests the room for upside is becoming more limited.
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