Trader Achieves 4530-Fold Profit on WIF Meme Token

A holder of the WIF meme token has managed to earn over $1 million from its price surge, as noted by analysts at Lookonchain.

With only 5.288 $SOL($310), this trader made ~$1.4M(4,530x)!

He spent 5.288 $SOL($310) to buy 2.58M $WIF on Nov 26, 2023.

Since the price of $WIF has increased by ~50% today, the value of 2.58M $WIF has increased to $1.4M!https://t.co/0SVofa1u4x pic.twitter.com/dPWABG2OmM

— Lookonchain (@lookonchain) February 27, 2024

In late November 2023, the user purchased 2.58 million WIF for 5.288 SOL ($310).

On February 27, within a day, WIF’s price surged nearly 50%, bringing the trader’s holdings to approximately $1.4 million. This resulted in a profit of 4530 times the initial investment.

At the time of writing, WIF is trading at $0.5, according to CoinGecko.

Earlier in January, a trader lost 90% of funds in a WIF token deal.