Dogwifhat (WIF) Surprise: How Solana User Almost Missed Epic Rally

Dogwifhat (WIF) Surprise: How Solana User Almost Missed Epic Rally

Dogwifhat (WIF), a dog-themed meme coin based on the Solana blockchain, has seen an impressive rally in recent weeks, reaching an all-time high of $2.23 on March 6, 2024 and entering among the Top 100 Cryptocurrencies by Market Cap.

Dogwifhat (WIF), a dog-themed meme coin based on the Solana blockchain, has seen an impressive rally in recent weeks, reaching an all-time high of $2.23 on March 6, 2024 and entering among the Top 100 Cryptocurrencies by Market Cap.

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Given the volatile and often unpredictable world of cryptocurrencies, stories of missed opportunities and unexpected turns are not uncommon. The story of a WIF developer’s near miss with the epic Dogwifhat (WIF) rally describes this type of circumstance.

The developer, whose identity has not been revealed, found itself on the verge of a huge windfall when the price of Dogwifhat (WIF) soared to record levels. However, surprisingly, he almost missed the demonstration, only to be saved by a twist of fate.

According look chain, a WIF developer sold a portion of his property, 350 million WIF, for a paltry 511 SOL (worth $29,000 at the time), just two days after WIF began trading. Had he waited, he could have increased his profits by millions, as the 350 million WIF reserves sold are now worth $693 million.

In what turned out to be a saving grace, the WIF developer had a wallet that did not sell WIF right away. This wallet also spent two SOLs worth $110 to buy 489,674 WIF before selling 12.4 million WIF for 896,000 USDC. You now have 589,199 WIF left, or $1.17 million.

WIF was launched in November 2023 and soon gained traction in cryptocurrency circles. After an incredible 227,000% surge in its first few weeks, the coin derived its memetic value from an image of a Shiba Inu dog wearing a knit cap, and usage of the “wife hat” continued to rise steadily until exploding to end of February.

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Solana’s Shiba Inu Dogwifhat (WIF) Suddenly Soars 25%: Key Reason

In a short period, the value of WIF increased sevenfold, from approximately $0.343 in late February to an all-time high of $2.23 on March 6.

This increase was helped in part by the currency’s listing on major cryptocurrency exchanges such as Robinhood Europe and Binance. Since then, it has continued undeterred, rising by over 21.73% in the last 24 hours, reaching $2.17 at the time of writing.

WIF is up almost 121.81% in the last seven days and is notably the first major meme token priced above $1.

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