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An unattributed investor has, according to current reports highlighting the explosive rise of a particular memecoin, astonishingly multiplied an initial investment of $1,749 into a staggering sum of over $11 million by maintaining their stake in the token known as WIF.
Details provided by Lookonchain show that this investor secured 5.1 million tokens of Dogwifhat (WIF) at the price of $1,749 on the date of November 30th. The trader’s strategy to offload the tokens at an ambitious price point failed initially, as the set limit price was too high for the trade to be filled.
Opting for the method known in the cryptocurrency community as ‘HODLING’ served this investor exceptionally well. The value of the WIF tokens held surged to an impressive $10.9 million with the memecoin’s extraordinary appreciation. Hitting record peaks recently, the WIF token’s price catapulted to $2.37, a significant surge from the sub $0.20 price point at the time of initial purchase.
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#Crypto #Trader #Turns #Million #Holding #WIF
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- Source: https://cryptoinfonet.com/crypto-trading/cryptocurrency-trader-transforms-1800-into-11-million-by-holding-wif/
