- A crypto dealer misplaced a whopping $654,000 on dogwifhat (WIF).
- The dealer offered his holdings in WIF for 4.08 million USDC.
- The dealer has turned to different altcoins, together with CHILLGUY, Fartcoin, and UBC.
A crypto dealer suffered huge losses after betting on dogwifhat (WIF), a serious meme coin on the Solana (SOL) blockchain. In lower than 24 hours, sbfonchain.sol offered the cash for 4.08 million USDC, shedding $654,000 on the place.
Curiously, the dealer remained bullish on meme cash and, after closing his WIF place, instantly invested the remaining funds in different related cash. The entity used 1 million USDC to buy 1.6 million CHILLGUY tokens, 500,000 USDC for 1.44 million Fartcoin, and 176,000 USDC for two.6 million UBC.
Meme Cash Market Overview
The meme coin business is price roughly $121 billion, with a buying and selling quantity of $25.3 billion within the final 24 hours. Dogecoin (DOGE) and Shiba Inu (SHIB) lead the sector, with market caps of $57.4 billion and $14.5 billion, respectively.
Additionally learn: The Shiba Inu's $1 Dream: Can a 99% Burn Obtain It
Notably, WIF ranks because the fifth largest coin and forty fourth largest within the total crypto market, in line with information from CoinMarketCap. The cryptocurrency gained recognition following the rise of Solana-based coin generator Pump.enjoyable and has seen substantial features since.
WIF Worth Evaluation
WIF is buying and selling at $3.07 on the time of writing, down 2.47% within the final 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 hit a every day excessive of $3.14 and a low of $2.92.
Over the previous seven days, WIF has fallen by virtually 8%, however is up 26.54% over the previous 30 days. The altcoin has surged 1,725.98% since November 2023, briefly holding the highest spot amongst SOL-based meme cash. Nevertheless, Bonk (BONK) has since overtaken WIF to take the lead.
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