With Bitcoin breaching new all-time highs, the altcoin frenzy seems to be catching pace. The current bull season is primarily being driven by meme coins, including DogWiFHat, a crypto coin that is a current favorite of all traders and investors.
However, one such trader seems to have taken this obsession to a new level. According to data metrics platform LookOnChain, one trader has avidly been purchasing DogWifHat since February and is now sitting on unrealized gains of $5.2 million.
Also Read: DogWifHat: WIF Trader turns $645 into $4.1 Million
Bullish on DogWifHat
The LookOnChain metrics platform took to X to reveal a fascinating trading snippet. Speaking about a trader’s current admiration for WIF, the platform revealed new information on the investor’s trading trajectory.
Per the platform, one investor has recently traded Solana tokens worth 6,996 to purchase 5,34,956 WIF tokens. Bought for $1.7, the tokens must have yielded him a significant profit trail.
This isn’t the first time that this trader has made a staggering WIF purchase. The metrics later reveal how this trader has gradually been accumulating WIF since February. The data platform later added that the investor’s WIF stash is now worth $5.2 million.
Also Read: Dogwifhat: When Will WIF Hit $2?
WIF Price Trajectory
WIF is dubbed one of the fastest-ever crypto coins to have taken center stage in this bull cycle. The price of WIF has risen considerably over the past 30 days, outshining its competitors on a rapid scale.
Per CoinMarketCap, WIF is up by 527.30% in the last 30 days, followed by a spike of 179.11% over the past seven days. The token is down 6% at press time and trading at $1.47.
Driven by strong community momentum and trials, WIF seems to be solidifying its position as a leading market player. The token is witnessing a surge in its community fan following, which is dedicated to seeing the token breach new all-time highs.