A crypto dealer incurred large losses after betting on dogwifhat (WIF), a distinguished 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.
Apparently, the dealer remained bullish on meme cash and, after closing their WIF place, instantly invested the remaining funds into different comparable cash. The entity used 1 million USDC to purchase 1.6 million CHILLGUY tokens, 500,000 USDC for 1.44 million Fartcoin, and 176K USDC for two.6 million UBC.
Meme Coin Market Overview
The meme coin sector is value roughly $121 billion, with $25.3 billion in buying and selling quantity over the previous 24 hours. Dogecoin (DOGE) and Shiba Inu (SHIB) lead the trade, with market capitalizations of $57.4 billion and $14.5 billion, respectively.
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Notably, WIF ranks because the fifth-largest meme coin and forty fourth within the total crypto market, based on CoinMarketCap knowledge. The cryptocurrency gained reputation following the rise of Solana-based meme coin generator pump.enjoyable and has seen substantial positive factors since.
WIF Worth Evaluation
WIF is buying and selling at $3.07 on the time of writing, down 2.47% over the previous 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 foreign money reached a day by day excessive of $3.14 and a low of $2.92.
Over the previous seven days, WIF has fallen practically 8%, however is up 26.54% over the previous 30 days. The altcoin has surged 1725.98% since November 2023, briefly claiming the highest spot amongst SOL-based meme cash. Nevertheless, Bonk (BONK) has since surpassed WIF to take the lead.
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