Dogwifhat Developer Misses Out on $1.5 Billion in Potential Crypto Profit

1 Min Read

In December 2023, Dogwifhat developer sold 350 million WIF for 511 SOL, approximately $29,000 at that time, just after the meme coin hit the market. The transaction happened two days post-trading inception in block 231221647.

The WIF overcame the value of $4 at the end of March 2024, which could have resulted in a missed profit of $1.5 billion if the developer had held onto the meme coin. At the moment, the meme coin is trading around $4.3.

Dogwifhat entered the market in early December 2023 and made significant gains in January 2024. If sold at the current rate, 350 million WIF would have fetched the holder $1.5 billion.

It was earlier reported that the Dogwifhat community had raised funds for advertising the meme coin symbol on the MSG Sphere in Las Vegas.

Bank of Israel Criticizes Netanyahu’s Plan to Bypass Sanctions With Cryptocurrencies

Israel’s central bank and opposition politicians criticized Prime Minister Benjamin Netanyahu’s proposal to develop an alternative economic system, potentially using cryptocurrencies, to avoid possible banking sanctions.

3 Min Read
Hong Kong Approves 24/7 Trading of Tokenized Investment Funds

Hong Kong’s SFC approved the world’s first secondary trading of tokenized public investment funds on a licensed virtual asset platform, where PantherTrade began trading two ChinaAMC funds on October 15,…

3 Min Read
BNB Chain Plans New Layer 1 Network Launch in Early 2027

BNB Chain plans a separate high-performance Layer 1 network complementing BNB Smart Chain, using BNB for fees, staking and governance, with a public testnet targeted by end-2026 and mainnet in…

3 Min Read
GMO Internet Hackers Gain Access to Clients’ Trading Accounts

Investigating from October 19, GMO Internet confirmed unauthorized Onamae.com Desktop Cloud access potentially affecting 26,739 servers, possible MetaTrader credential theft and reported unauthorized trades, pledging confirmed-loss reimbursements and 5,000-yen active-user…

4 Min Read
Grayscale Names 3 Blockchain Projects With AI Boom Profit Potential

Grayscale highlighted DATA Network, USD.AI and Pearl as projects supporting AI infrastructure, citing 280 million verified DATA records, over $400 million in USD.AI lifetime funding and Pearl’s 93.5% monthly hashrate…

3 Min Read