Recently, the meme coin WIF, symbolized by a Shiba Inu, has skyrocketed from $400 to $940,000. This article, originally published by Pika on X, explains the journey of WIF’s price. The article has been compiled, translated, and organized by Deep Tide.
(Introduction:
What is Dogwifhat? How did the narrative-less and community-less Dogwifhat become a Solana meme coin that surged thousands of times?
)
(Background:
PEPE hits a new all-time high! Surges nearly 400% in a week, reaching a market cap of $2.8 billion and becoming the third-largest meme coin.
)
Table of Contents
Phase One: Meme Hunting
Phase Two: Stepping onto a New Stage
Phase Three: The Rise of WIF
Phase Four: What Will Happen If You Hold?
Recently, I made a profit of $940,000 by trading WIF, starting with an investment of $400. Many people have asked me how I did it, and my answer is to seize both the opportunities of an uptrend and a downtrend, while also looking for opportunities in market fluctuations.
After experiencing two complete crypto cycles, I finally completed a trade worth writing an article about. So, let’s begin.
Attention from the community: WIF is currently experiencing high volatility, so investors should be cautious and avoid entering out of FOMO.
At this stage, luck played a greater role than skill.
Of course, knowing where to look is crucial, but stumbling upon the right token is often more by chance than strategy and skill.
Platforms like Telegram, Discord, or crypto Twitter are good places to discover cryptocurrencies, but there is a high risk of being rug pulled or exploited when the information reaches you.
Fortunately, my previous adventure into the Solana chain proved to be fortuitous.
Although platforms like Dexscreener or Dextools are the go-to choices for many, they tend to lean towards Ethereum. For Solana, I highly recommend 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 tokens.
Thus, I entered the “Find Gems” section on Birdeye.
Among countless names, one stood out: WIF, “dogwifhat.”
A quick check of its market cap showed that it wasn’t very large. Examining the security options carefully, everything seemed to be in order. The candlestick chart? Plain, but acceptable.
Next, I searched on Twitter and found @dogwifcoin with a profile picture of a dog wearing a hat.
A smile appeared on my face. While browsing the tweets and searching the $WIF tag, I accidentally discovered the legend of “dogwifhat.”
In that moment, I understood. I had to invest, regardless of whether it was good or bad. 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 the story of 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 skepticism. Could this be a glitch? I quickly checked the candlestick chart and realized that the price had indeed skyrocketed. The followers of the @dogwifcoin account had multiplied, and the number of holders increased. It was madness.
Out of interest in these discussions, I found myself joining the WIF Telegram group, where the discussion never ceased. The chat was filled with stickers and images of dogs wearing various hats, evoking laughter from the group members.
Everything was so simple yet so amusing. It was at that moment I realized that this meme was an infinitely expandable package. Just by swapping the dog’s hat, there were endless possibilities (editor’s note: this is an inside joke within the community).
At that moment, I considered my $45,000 investment to be enormous. With 2.08 million coins in hand, I decided not to invest further.
But alas, 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 thinking was futile. I had to accept my decision and embrace the community I had joined.
From here on, there was a shift from luck to strategy.
With a balance of $60,000, I continued to study how coins like Doge, Shib, and Pepe achieved enormous profits. I discovered that there were only two ways:
1. You had to be at the extreme ends of the intelligence curve (either very high or very low intelligence).
2. You needed to be 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 the high points and buy at the low points.
Simple, right? Well, not entirely. Over time, discussions surrounding WIF intensified. Many KOLs took notice, and its value soared to over $100,000. Normally, I would have cashed out immediately. But this time, discipline was crucial.
Then came the terrifying 70% drop, testing my determination. I instantly regretted not selling more.
The next two months were like a turbulent roller coaster ride, marked by significant downturns and exciting upturns.
Despite the challenges, I remained steadfast and survived even when the coin’s price plummeted 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 lofty goal: $1 million or listing on Binance spot.
I executed my trades in the fervent market with a plan, gradually selling as the price soared.
As the Binance spot listing approached, I sold a large amount of remaining coins between $1.8 and $1.9.
Although I missed out on earning an additional $60,000, I made that money back in other trades involving WIF. (Am I truly satisfied?)
What would have happened if I held all 2.08 million coins until the end and sold them all at a price of $1.9? It would have been approximately $4 million.
If you can achieve that, you are a god.
In the end, I entered with $400 and exited with $940,000 in profit.
What did I do to make a profit? I sold a large amount of WIF and bought Sol when it was around $122-128.
I knew I wasn’t a genius who could accurately predict prices.
I also knew I wasn’t a complete idiot who could perfectly execute low-intelligence investments.
So, my advice is to seize both the opportunities of an uptrend and a downtrend, while also looking for opportunities in market fluctuations.
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