Recently, the meme coin WIF, symbolized by a Shiba Inu, has skyrocketed from $400 to $940,000. This article, sourced from Pika’s publication on X, explains the journey of WIF. It has been curated, translated, and compiled by Deep Tide.
Table of Contents:
Phase One: Meme Hunting
Phase Two: Reaching a New Level
Phase Three: The Rise of WIF
Phase Four: What Will Happen If You Hold?
Lately, I have made a profit by trading WIF. I entered the market with $400 and exited with $940,000! Many people ask me how I did it, and my answer is simple: seize both the opportunities of growth and decline, and look for chances during market volatility.
After going through two complete crypto cycles, I have finally completed a trade worth writing an article about. So let’s begin.
During this phase, luck played a bigger role than skill. Of course, knowing where to look is crucial, but stumbling upon the right token is more accidental than strategic or skillful.
Platforms like Telegram, Discord, or crypto Twitter are good places to discover cryptocurrencies. However, there is a high risk of encountering rug pulls and scams when information reaches you.
Fortunately, my previous venture into the Solana chain proved to be accidental luck. While platforms like Dexscreener or Dextools are popular choices, they tend to be more Ethereum-focused. For Solana, I recommend using the website birdeye.
My search began with a simple criterion: catching my attention within 1-2 minutes. The token name had to be catchy, like a gem among many others. That’s how I entered the “Find Gems” section on Birdeye.
Among countless names, one stood out: WIF, “dogwifhat.” A quick check of its market cap showed it wasn’t large. Examining the security options, everything seemed orderly. The candlestick chart was plain but acceptable.
Next, I searched on Twitter and found @dogwifcoin, along with a profile picture of a dog wearing a hat. A smile appeared on my face. After browsing through tweets and searching the $WIF tag, I stumbled upon the legend of “dogwifhat.”
In that moment, I understood. I had to invest, regardless of the outcome. With insufficient funds in my Sol wallet, I made two transactions of $200 each and promised to decide whether to increase my holdings once the price changed.
And that’s how my $400 turned into an astonishing $45,000.
In the following days, I forgot about my investment. Then, one day, while I was busy with my own affairs, I decided to take a peek at my wallet.
There it was, WIF, shining brightly, worth $45,000.
My initial reaction was doubt. Could this be a glitch? I quickly checked the candlestick chart and realized the price had indeed skyrocketed. The @dogwifcoin account had gained many followers, and the number of holders had multiplied. It was madness.
Out of curiosity, I found myself joining the WIF Telegram group, where discussions never ceased. The chat was filled with stickers and images of dogs wearing various hats, bringing laughter to the group.
Everything was so simple yet fascinating. It was at that moment I realized that this meme had infinite potential for expansion. Simply changing the dog’s hat opened up endless possibilities (editor’s note: This is an inside joke within the community).
At that moment, I believed my $45,000 investment was significant. Holding 2.08 million tokens, I decided not to invest further.
But I still felt regret. Why did I only invest $400? I could have easily invested $1,000, $2,000, or even $4,000.
However, such thoughts were futile. I had to accept my decision and embrace the community I had joined.
From here, a shift from luck to strategy began.
With a remaining balance of $60,000, I continued to study how doge, shib, pepe, and others achieved massive profits. I discovered there were only two ways:
1. Being at the extreme end of the intelligence curve (either very high or very low intelligence).
2. Being wealthy enough to ignore a $60,000 profit.
I realized I fell somewhere in between. So, I devised a simple and precise plan: sell at high points and buy at low points.
Sounds simple, right? Well, not entirely. As time went on, discussions surrounding WIF became more intense. Many key opinion leaders (KOLs) took notice, and its value soared to over $100,000. Normally, I would cash out quickly. But this time, discipline was crucial.
Then came the terrifying 70% drop, testing my resolve. I instantly regretted not selling more.
The next two months were like a roller coaster ride, marked by significant declines and exciting surges.
Despite the challenges, I remained steadfast and survived even when the coin’s price dropped 70% to $0.07.
Nevertheless, as WIF became a hot topic on crypto Twitter and its market cap continued to expand, I set my sights on a noble goal: $1 million or a listing on Binance.
I executed my trades in the frenzied market according to my plan, gradually selling as the price soared.
With the impending listing on Binance, I sold a large portion of my remaining tokens between $1.8 and $1.9.
Although I missed out on $60,000, I made that money back in other WIF trades. (Am I truly satisfied?)
What would have happened if I held all 2.08 million tokens and sold them all at $1.9? Approximately $4 million.
If you can achieve that, you are a legend.
In the end, I entered with $400 and exited with $940,000, seizing my profits.
How did I achieve this? I sold a significant amount of WIF and bought Sol when it was priced between $122 and $128.
I knew I wasn’t a genius who could accurately predict prices. Nor was I someone with low intelligence who could perfectly execute dumb investments.
So, my advice is simple: seize both the opportunities of growth and decline, and look for chances during market volatility.
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