Solana memecoin trader turned an initial investment of $226,000 into over $1.6 million by speculating on a memecoin featuring a dog in a beanie hat.
Between December 13 and December 15, the trader purchased more than 19 million Dogwifhat (WIF) tokens, a meme coin with a dog theme, as it made its debut on the Solana network.
According to data from Lookonchain, the tokens were acquired at an average price of $0.01137. The total value is now around $1.69 million, resulting in a profit of approximately $1.47 million for the trader within five days.
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