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.
Solana Mobile has started shipping its new crypto smartphone, the Seeker, to over 50 countries after receiving 150,000 pre-orders. The phone features built-in Web3 tools like a secure seed vault and a decentralised app store, offering an alternative to Apple and Google platforms.
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WeatherlyNorth Korea-linked hackers stole $3.2 million in crypto from Solana wallets and moved the funds to Ethereum. They laundered nearly $2 million using Tornado Cash, with over $1 million still sitting in an Ethereum wallet.
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AnaisSol Strategies, a Canadian crypto investment firm, has applied to list on Nasdaq after heavily investing in Solana tokens and staking operations. Despite a recent $3.5 million loss, the company aims to raise more capital and grow its presence in the US market.
AnaisThe SEC has asked Solana ETF issuers to quickly update their filings, speeding up the approval process with decisions possible within weeks. This includes allowing staking features, which could boost investor interest and confidence in Solana.
WeatherlyDubai’s VARA has signed an MoU with the Solana Foundation to advance blockchain innovation and talent development. Despite this, SOL remains over 2% down in the past 24 hours and below its January peak although it saw a slight uptick during the recent Bitcoin-led market pullback.
Catherine24karat 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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