Dogwifhat's WIF/USD 15% single-day surge and 700% monthly gains have netted one trader a profit of over $1 million.
What Happened: MrBanks, an anonymous crypto and betting professional, recently shared on X (formerly Twitter) that he made $1.3 million from trading on spot and futures markets, focusing primarily on two meme coins — Dogwifhat and Memecoin.
The majority of his profit, totaling $1.03 million, came from WIF in just three weeks.
“Now I can focus on landing $2m for the street on Stake,” he stated.
In another tweet, he reminded his followers, “Don’t forget who gave you WIF at $1 and kept telling you to buy the $2 dip when we get to $5.”
As Dogwifhat continues its rapid ascent to new price levels, Benzinga’s Future of Digital Assets conference, scheduled for Nov. 19, will bring industry leaders and investors together to discuss the future of digital asset investments.
Also Read: Here’s How Trader Makes $582,000 Taking A Long Position On ‘Shiba Inu Killer’ Dogwifhat
Why It Matters: According to CoinGecko data, Dogwifhat currently holds the fourth spot on the meme coin leaderboard with a valuation of $3.2 billion, quickly catching up to Pepe’s valuation of $3.5 billion.
Among the top five meme coins, Dogwifhat boasts the highest monthly gains at 895%, fueled by various developments surrounding the token. Notably, it raised $650,000 by displaying the meme coin image on the Las Vegas sphere, and a Dogwifhat Meme NFT was auctioned off for $4.3 million.
With the token currently trading at $3, the next question is whether it will reach $5 in March or April.
As meme coins rally in the current bull market, traders may be interested in how to buy crypto currencies and what the best cryptocurrency exchanges are.
Join industry titans like Tim Draper and Jan Van Eck at Benzinga’s Future of Digital Assets conference on Nov. 19.
Read Next: Dogwifhat Surges 15%, Chases Floki Inu: ‘Stupidly Bullish’ Investor Asks ‘Coinbase List WIF Next?’
Image created using artificial intelligence with Midjourney.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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