Crypto Investor Misses Profiting More Than $12 Million For Selling This Meme Coin Too Early

In mid-December 2023, a cryptocurrency investor made a significant bet by investing $5,000 in the newly launched meme coin DogWifHat (WIF), which at the time was trading at a modest $0.004. The digital currency, however, underwent a remarkable transformation this year, erasing all its zeroes and surpassing the $4 threshold.

Source: CoinGecko

Despite the promising surge, the investor’s journey did not turn him into a millionaire. Following the coin’s initial rally, the investor decided to sell his holdings in the meme coin for a $2,000 profit, walking away with $7,000.

This move, initially deemed “genius” by the investor, soon revealed its premature nature as the meme coin’s value soared, indicating a missed opportunity.

The rapid appreciation of DogWifHat’s value would have escalated the investor’s initial $5,000 investment to an astounding $12 million had he retained his stake.

Expressing regret over the decision, the investor shared his experience on the Coinfessions Twitter page, stating: “I put $5,000 into WIF (DogWifHat), sold for $7,000 thinking I was a genius. My bag would be worth $12 million right now. I lost over $100,000 trying find the next WIF. I am ruined,”

I put $5k into WIF, sold for $7k thinking I was a genius. My bag would be worth $12 million + right now. I lost over $100k trying find the next WIF. I am ruined.

— Coinfessions (@coinfessions) March 27, 2024