Skip to main content

Market Overview

'Shiba Inu Killer' Dogwifhat Bites Off Another 33% Gain: This Trader Missed Out On $700 Million In Dog Money

Share:
'Shiba Inu Killer' Dogwifhat Bites Off Another 33% Gain: This Trader Missed Out On $700 Million In Dog Money

Dogwifhat’s (CRYPTO: WIF) is up another 32% on the day, bringing its weekly rally to 118% and taking the price to its new all-time high levels.

What Happened: Dogwifhat's exceptional surge continues, taking its monthly gains to almost 1,200% and outshining other prominent meme coins such as Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), which reported gains of 112% and 295%, respectively.

Lookonchain data shows a dogwifhat developer selling 350 million WIF for 511 SOL, worth $29,000, within the token's first two days of trading. If he had held the position, the 350 million WIF would be worth $714 million at current prices.

In another transaction, a trader is sitting on profits of $10.9 million by holding on to his dog money since Nov.30.

 

Also Read: 'Shiba Inu Killer' Dogwifhat Is Going To Be 'Flipping At Least 2 Of These' Memecoins, Predicts Trader

Why It Matters: Dogwifhat currently holds the third position in the top meme coins by market capitalization, with its price surging past the $2 mark recently, based on Coingecko data.

At its new all-time high of $2.31, the token boasts a valuation of $2.3 billion, joining the exclusive club of tokens with a $2 billion market cap alongside Bonk and Pepe.

Muro, a partner at ByBit and a prominent crypto trader, previously indicated on X that his primary target for Dogwifhat was $2.20.

The next target for Dogwifhat would be the valuation of Pepe (CRYPTO: PEPE), currently at $3.5 billion. Shiba Inu at $21.9 billion and Dogecoin at $24.5 billion remain out of WIF's grasp, at least for now.

Following a Binance listing, optimistic sentiment is peaking for Dogwifhat. 

Read Next: Arthur Hayes: 'Shiba Inu Killer' Dogwifhat Headed To $2, 'Hat Stays On' Following 330% Weekly Rally

Image created using artificial intelligence with Midjourney.

 

Related Articles ($WIF)

View Comments and Join the Discussion!

Posted-In: cryptocurrency trading Meme Coins MemeCoinsCryptocurrency News Top Stories Markets

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com