• A crypto dealer misplaced a whopping $654,000 on Dogwif Hut (WIF).
• The dealer offered his WIF holdings for 4.08 million USDC.
• This dealer has moved on to different altcoins corresponding to CHILLGUY, Fartcoin, and UBC.

A crypto dealer suffered large losses after betting on Dogwifat (WIF), a outstanding meme coin on the Solana (SOL) blockchain. Inside 24 hours, sbfonchain.sol offered the coin for 4.08 million USDC, dropping $654,000 on the place.

Curiously, this dealer remained bullish on Memecoin and instantly invested his remaining funds in different comparable cash after closing his WIF place. The entity used 1 million USDC to buy 1.6 million CHILLGUY tokens, 500,000 USDC to buy 1.44 million Fartcoin, and 176,000 USDC to buy 2.6 million UBC.

Meme coin market overview

The memecoin sector is valued at roughly $121 billion, with a buying and selling quantity of $25.3 billion over the previous 24 hours. Dogecoin (DOGE) and Shiba Inu (SHIB) lead the trade with market caps of $57.4 billion and $14.5 billion, respectively.

Additionally learn: Shiba Inu's $1 Dream: Can it come true with 99% burns?

Notably, WIF ranks fifth amongst meme cash and forty fourth within the general crypto market, in line with knowledge from CoinMarketCap. The cryptocurrency gained recognition after the rise of Solana-based meme coin generator Pump.enjoyable and has seen a major rise since then.

WIF value evaluation

WIF is buying and selling at $3.07 on the time of writing, down 2.47% up to now 24 hours. The altcoin is 36.69% beneath its all-time excessive of $4.85, with a market capitalization of $3.07 billion. Over the previous day, the digital foreign money has reached a each day excessive of $3.14 and a each day low of $2.92.

Previously 7 days, WIF has fallen practically 8%, however up to now 30 days, it has risen 26.54%. The altcoin has surged 1725.98% since November 2023, briefly taking the highest spot amongst SOL-based meme cash. Nevertheless, after that, BONK surpassed WIF and took the lead.