A crypto dealer has raked in additional than $1.4 million in benefit inside of 5 days through buying tens of millions of Dogwifhat (WIF) tokens, a dog-themed meme coin at the Solana community.

In step with a tweet through blockchain research platform Lookonchain, the dealer started their WIF adventure through buying $226,000 price of the tokens when they had been introduced on Solana.

Because of the token $WIF, this dealer became $226K into $1.69M in 5 days.

This dealer purchased 19.86M $WIF between Dec 13 and 15 at a median value of $0.01137.

The nineteen.86M $WIF is now price $1.69M, making ~$1.47M in 5 days.https://t.co/7QxZwvbzBA percent.twitter.com/xsBBOivbhW

— Lookonchain (@lookonchain) December 18, 2023

$226K to $1.69M in 5 Days

Between December 13 and 15, the dealer bought greater than 19.86 million WIF at a median value of $0.01137. On the asset’s present value of $0.1078, the stash is price over $1.69 million, raking in roughly $1.47 million in benefit inside of 5 days.

WIF has witnessed a vital surge since its unlock at the Solana community. Throughout the previous week, the token has soared through greater than 840%, elevating its marketplace cap to tens of tens of millions of greenbacks.

The token’s surge comes because the Solana community is abuzz with a brand new wave of passion in different cryptocurrencies, together with meme cash like Bonk (BONK) and the Solana Saga telephones. BONK, every other dog-themed token, has additionally witnessed a mind-blowing surge. Since its release, the meme coin has soared greater than 17,500%, consistent with knowledge from CoinMarketCap.

Two weeks in the past, BONK rose to change into one of the crucial biggest meme cash through marketplace capitalization, along different dog-themed tokens like Shiba Inu and Dogecoin.

Solana Telephone Gross sales See Surge

CryptoPotato reported that the BONK hype and surge had pushed the gross sales of the Solana Saga telephones previous the unique retail value of $599. As of December 16, two Saga telephones had been bought for $5,000 on eBay, whilst every other bought for $3,316. About 20 extra devices bought for greater than $2,000 over the weekend.

The upward thrust in telephone gross sales may also be attributed to an introduced airdrop of 30 million BONK introduced completely to customers who obtain the Bonk app throughout the Saga telephone dApp retailer. Whilst the Saga telephones skilled low gross sales to start with, they have got been bought out at the authentic web page for the reason that airdropped BONK changed into extra treasured than the units’ value.

In the meantime, Saga telephone homeowners additionally watch for further airdrops and fiscal incentives from initiatives within the Solana ecosystem.