The post Trader Dumps $WIF, loses $654K: Goes All-In on Meme Coins appeared first on Coinpedia Fintech News
After holding $WIF for less than 24 hours, sbfonchain.sol sold it all for 4.08M $USDC, locking in a staggering $654K loss. Without wasting any time, the trader quickly reinvested in meme coins. The entity spent 1M $USDC to buy1.6M $CHILLGUY, 500K $USDC for 1.44M $Fartcoin, and 176K $USDC to pick up 2.6M $UBC.
Despite the loss, the swift moves suggest high conviction in the meme coin market’s upside. Currently, the meme coin market cap stands at $110B and the segments remains the top performer in the space.