Trader gambles $226k on Solana memecoin, gets to $1.69M in five days

The Solana (SOL) memecoin frenzy continues as a trader turns $226,000 into well over $1.6 million by gambling on a token with a beanie-wearing dog as its mascot. 

Between Dec. 13 and Dec. 15, a crypto trader bought over 19 million Dogwifhat (WIF) tokens, a dog-themed memecoin, as it debuted on the markets within the Solana network. According to blockchain analytics firm Lookonchain, the trader bought the tokens at an average price of $0.01137. Currently, the tokens’ total value hovers at around $1.69 million, making the trader about $1.47 million in profits within five days. 

Thanks to the token $WIF, this trader turned $226K into $1.69M in 5 days.

This trader bought 19.86M $WIF between…

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