Dogwifhat (WIF) Solana Meme Coin Helps One Crypto Trader Turn $1K Into $100K

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Dogwifhat price
Dogwifhat price

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A cute new Solana meme coin called Dogwifhat (WIF) has made one lucky trader a lot of money.

A pseudonymous crypto trader called Blockgraze told Coin Desk that he purchased $1,000 of the meme coin in late November and that now it’s worth more than $100,000.

The trader purchased WIF shortly after its launch on Solana because he thought a dog wearing a hat was ”very funny.” He has already cashed out $25,000 of the profits, while he still holds the rest in his wallet.

Dog-themed meme coins have performed strongly recently with BONK, another Solana-based memecoin, soaring more than 90% today after its listing on Binance and KuCoin. It is also set for a Coinbase listing.

Blockgraze told Coin Desk that the 100x gain was more about luck than skill, and that the purchase was like gambling.

“The secret is to be an idiot I think,” he said. “I should have probably sold several times, but the dog had a hat.”

Finding The Next Dogwifhat (WIF)

With Pomp Investments founder Anthony Pompliano saying that a Bitcoin bull run has already begun, altcoins are today riding a wave of buoyant market sentiment.

Picking the next 100x crypto gem gem is always a tough ask, but one YouTube analyst says Meme Kombat, a new crypto GameFi project running on Ethereum, has the potential for at least 10x gains.

The project is currently in presale and is close to reaching its price target of $3.5 million after a whale bought tokens worth $200,000.

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