A cryptocurrency trader recently managed to turn a $1,000 investment into an astounding $100,000.
The initiative in question was made with Dogwifhat (WIF), a random memecoin on Solana. However, the memecoins in question are extremely risky and do not have any intrinsic value. Such random experiments can end with huge losses.
This impressive achievement occurs during a period when inexperienced investors are reentering the cryptocurrency markets. The trader, known as Blockgraze, recently shared his success story on the X platform. He revealed that he purchased Dogwifhat (WIF) in late November, just after the Solana blockchain entered the decentralized finance (DeFi) markets.
After this development, the WIF altcoin continued its upward trajectory and unexpectedly reached a market capitalization of around $30 million.
FC Barcelona’s official Instagram account was hacked to promote a fake $FCB token on the Solana blockchain, misleading fans and causing potential financial losses. The token briefly surged to $3 million in value before crashing, highlighting risks of scams using popular brands and unverified cryptocurrencies.
JoyPhantom has launched its own stablecoin called CASH, built with Stripe and Bridge, to turn its wallet into a full payments app. It offers free transfers, debit card access and Visa integration, aiming to challenge big players in the growing stablecoin market.
WeatherlySolana (SOL) investors are on edge after the red-hot altcoin plunged 12% in just 48 hours, wiping out over $112 million in leveraged bets and plunging to $213—its lowest in two weeks.
XingChiGalaxy Digital led a major buying spree, acquiring 6.5 million Solana (SOL) tokens worth $1.55 billion over five days, pushing Solana’s price above $240. The firm also partnered with Multicoin Capital and Jump Crypto to fund Forward Industries’ Solana treasury strategy, driving strong investor interest and boosting the company’s shares.
WeatherlyPump.fun has brought back its Solana livestreaming feature after a 2024 shutdown caused by unsafe broadcasts, including staged self-harm. With stricter moderation and a new revenue-sharing model, the platform is rapidly attracting creators and generating millions in weekly fees.
JoyGalaxy Digital acquired over 2.3 million Solana tokens worth nearly $536 million, sparking market speculation. The move aligns with its investment in Forward Industries and highlights growing corporate interest in Solana treasuries.
AnaisThe Solana trading bot project AquaBot disappeared with \$4.65 million in presale funds just before its token launch. Investors were left with losses as the token never listed, raising concerns over scams and influencer-backed projects on Solana.
WeatherlyKanye West, now known as Ye, launched a Solana-based YZY token, sparking a market surge to a $3 billion valuation within 40 minutes. Most of the supply is controlled by insiders, raising concerns about long-term stability despite high trading activity.
AnaisThe SEC has delayed decisions on several crypto ETFs, including Bitcoin, Ethereum, Solana, XRP, Litecoin, and Dogecoin, pushing most deadlines into October. Regulators are working on new listing standards that could allow faster approvals of altcoin ETFs once rules are finalised.
WeatherlyBlue Origin now accepts Bitcoin, Ethereum, Solana, and stablecoins for booking space flights through a partnership with Shift4. This move aims to make high-cost space tourism payments easier for digital asset holders using popular crypto wallets.
Weatherly24karat plans to sell NFTs through 1000 AIICO vending machines nationwide, aiming to engage over 100 million monthly users with premium content. This initiative seeks to democratise NFT access, using Flow blockchain and strategic placements to drive wider adoption and market growth.
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