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- A crypto dealer misplaced a large $654,000 on dogwifhat (WIF).
- The dealer bought his WIF holdings for 4.08 million USDC.
- The dealer shifted to different altcoins, together with CHILLGUY, Fartcoin, and UBC.
A crypto dealer incurred huge losses after betting on dogwifhat (WIF), a outstanding meme coin on the Solana (SOL) blockchain. In lower than 24 hours, sbfonchain.sol bought the cash for 4.08 million USDC, shedding $654,000 on the place.
Apparently, the dealer remained bullish on meme cash and, after closing their WIF place, instantly invested the remaining funds into different related cash. The entity used 1 million USDC to purchase 1.6 million CHILLGUY tokens, 500,000 USDC for 1.44 million Fartcoin, and 176K USDC for two.6 million UBC.
Meme Coin Market Overview
The meme coin sector is value roughly $121 billion, with $25.3 billion in buying and selling quantity over the previous 24 hours. Dogecoin (DOGE) and Shiba Inu (SHIB) lead the trade, with market capitalizations of $57.4 billion and $14.5 billion, respectively.
Learn additionally : Shiba Inu’s $1 Dream: Can a 99% Burn Make It Occur
Notably, WIF ranks because the fifth-largest meme coin and forty fourth within the general crypto market, based on CoinMarketCap information. The cryptocurrency gained recognition following the rise of Solana-based meme coin generator pump.enjoyable and has seen substantial positive aspects since.
WIF Value Evaluation
WIF is buying and selling at $3.07 on the time of writing, down 2.47% over the previous 24 hours. The altcoin is 36.69% under its all-time excessive of $4.85, with a market cap of $3.07 billion. Over the previous day, the digital forex reached a every day excessive of $3.14 and a low of $2.92.
Over the previous seven days, WIF has fallen practically 8%, however is up 26.54% over the previous 30 days. The altcoin has surged 1725.98% since November 2023, briefly claiming the highest spot amongst SOL-based meme cash. Nevertheless, Bonk (BONK) has since surpassed WIF to take the lead.
Disclaimer: The knowledge offered on this article is for informational and academic functions solely. The article doesn’t represent monetary recommendation or recommendation of any sort. Coin Version just isn’t answerable for any losses incurred because of the utilization of content material, merchandise, or companies talked about. Readers are suggested to train warning earlier than taking any motion associated to the corporate.