DogWeHat (WIF) Price Decline and Trader’s Profit
The price of DogWeHat (WIF) has been following the general market trend, showing a continued decline over the past week. This downward movement has prompted many investors to sell their holdings for a profit. One particular trader stands out, having made millions through WIF.
DogWeHat Trader’s Massive Profits
While most meme currency traders opt for quick buy and sell strategies to make profits, WIF holders have chosen a long-term approach. Recently, a trader sold a significant amount of WIF on November 30, 2023, only to buy back in later. The trader purchased 14.53 million WIFs at $5,340 and sold them within 8 months, resulting in a profit of over $24 million.
Despite a potential rally of 35% due to a bullish double bottom pattern, WIF prices have not seen the expected increase. The coin’s current price is $1.69, after a recent decline of nearly 16% in one day.
Solana Meme Coin and Market Fluctuations
The Solana meme coin, which had been gaining traction in the market, experienced a sharp decline in returns as the broader market faltered. Over the past 24 hours, Solana Meme Coin’s market capitalization dropped by 13.9% to $7.14 billion.
Similarly, other top meme coins like POPCAT and Book of Memes (BOME) also suffered significant losses. POPCAT’s value plummeted by more than 21%, while BOME saw a decline of 12% in the same period.
Impact of Market Trends on Meme Coins
As meme coins like WIF and Solana Meme Coin continue to be influenced by market trends, traders should remain vigilant and adaptable to changing conditions. The recent fluctuations serve as a reminder of the volatile nature of the crypto market and the importance of staying informed and strategic in investment decisions.
The information contained on the BeInCrypto website is published in good faith and for informational purposes only. Users are solely responsible for any consequences arising from the use of the information on this website. In addition, part of the content is the AI translation version of the English version of the BeInCrypto article.
