According to crypto analysis firm LookOnChain, a dogwifhat (WIF) trader has sold parts of his holdings every time WIF rallies. The trader spent $5,879 to puy 6.1 million WIF tokens on Dec. 8, 2023. The trader soon sold 4.7 million WIF for $1.57 million. The wallet still holds 1.4 million WIF, worth around $5.47 million. However, had the trader not sold his 6.1 million WIF, his portfolio’s value would have been worth a whopping $23.7 million today.
Also Read: Dogwifhat (WIF) Continues 40% Rally as it Nears All-Time High
dogwifhat (WIF) is a Solana-based memecoin launched in November 2023. Since its debut late last year, the memecoin has claimed several spots in the charts. The asset is currently the 34th largest cryptocurrency by market cap, rallying over 200,000% since December 2023.
How high can dogwifhat (WIF) go in June 2024?
WIF has faced a 10.5% correction in the daily charts. Nonetheless, the asset is still up by 12.9% in the weekly chart, 12.5% in the 14-day chart, and more than 30% over the previous month.
According to CoinCodex, dogwifhat (WIF) will continue its rally in June. The platform predicts WIF to hit a new all-time high of $12.82 on June 27, 2024. Reaching $12.82 from current levels would translate to a growth of about 277%.
Also Read: DogWifHat Price Prediction: How High Can WIF Peak By The End Of May
Changelly, on the other hand, does not anticipate WIF to rally in June. The platform predicts WIF to trade at around $0.2004 in June. Reaching $0.2004 from current levels would translate to a decline of about 94%.
Solana-based memecoins have displayed stellar growth over the last year. Other SOL memecoins, such as Bonk (BONK), have also rapidly climbed the charts. Memecoins, in general, seem to be taking charge of the crypto market. Pepe (PEPE), another popular memecoin launched in 2023, has repeatedly hit new all-time highs this year.
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