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On-chain data revealed significant gains. A meme coin investor attracted attention by achieving substantial profits in a Solana (SOL)-based meme coin, which saw a 51-fold increase since the beginning of the year.
WIF Coin and Profits
Lookonchain data showed that a meme coin investor purchased dogwifhat (WIF) in December 2023. The investor made various sales during the meme coin’s rise, achieving a 118,967% gain.
Each time WIF rose, this 1,000-fold winner sold part of WIF for profit. On December 8, 2023, they spent only $5,879 to buy 6.1 million WIF (now worth $23.7 million) and then sold 4.7 million WIF consecutively for $1.57 million. They still hold 1.4 million WIF worth $5.47 million. Their profit from WIF is approximately $7 million, a 1,197-fold gain!
On January 10, WIF was trading at $0.069. As of the time of writing, this price level is calculated at $3.28, representing a 51-fold increase.
MAGA Current Status
Another situation revealed by Lookonchain involved an investor purchasing 119,000 MAGA (TRUMP) meme coins, representing former president Donald Trump, within two weeks and achieving six-figure gains, which have not yet been realized.
TRUMP’s price reached an all-time high again [May 29]! Someone withdrew 1.16 million USDT from Binance and spent 1.15 million USDT to buy 118,671 TRUMP at an average price of $9.69 over the past two weeks. They currently have an unrealized profit of $540,000 from TRUMP.
TRUMP rose more than 7% in the last 24 hours and is trading at $15.51 as of the time of writing.
Finally, Lookonchain revealed that an investor made a total profit of $41.38 million from WIF transactions, including Jeo Boden (BODEN), inspired by US President Joe Biden, and Solana’s Bonk (BONK).
Smart money sold all 539,558 WIF [on May 28] for 11,708 SOL ($2 million) at $3.70 each. They made $24.1 million from WIF, $11 million from BODEN, and $6.28 million from BONK.
