A cryptocurrency trader managed to turn a $1,000 investment into a staggering $100,000.
The initiative in question was made with Dogwifhat (WIF), a random memecoin on Solana. However, the memecoins in question are extremely risky and do not have any intrinsic value. Such random experiments can end with huge losses.
This remarkable success comes at a time when inexperienced investors are making a comeback into the crypto markets. The trader, operating under the pseudonym Blockgraze, shared his success story on the X platform. He announced that he acquired Dogwifhat (WIF) in late November, shortly after the Solana blockchain entered the DeFi markets.
I put $1k into this coin 20 days ago pic.twitter.com/Rb8J33j1EC
— blockgraze (@blockgraze) December 13, 2023
Blockgraze, who shared posts on
Following the development, the WIF altcoin continued its rise and surprisingly has a market cap of approximately $30 million.
Chart showing the rise in WIF price.
*This is not investment advice.
