Solana memecoin SelfieDogCoin ($SELFIE) has experienced a staggering rise, with its price skyrocketing over 570% in just one week and an astonishing 850% over the past month.
The token’s market capitalization has now surpassed $50 million, drawing significant attention in the crypto community.
Woke up to $SELFIE at $50m
When it was at $2m, I threw $10k but still was waiting for a $1m dump to ape more
My thought was that $2m was already a good top for the actual market and its probably can run to $5m but no more
Today, my bag is worth $250k and I still haven’t sold a… pic.twitter.com/kbXoVxc0XZ
— ram (@0xRamonos) July 27, 2024
Top Whale In $MICHI, $MOTHER and Others Capitalizes On This Surge
Among the notable players capitalizing on this meteoric rise is a prominent whale known for their involvement in $MICHI, $MOTHER, and $MINI.
This investor, who initially entered $SELFIE at its lowest point, has realized a remarkable unrealized profit of $645,000, reflecting an impressive 1175% return on investment.
After investing $10,000 when $SELFIE had plunged to rock bottom, this whale had earlier committed $45,000, enduring substantial losses during the token’s 95% dip.
This absolute CHAD has unrealized PNL of $645k (+1175% ROI) after buying $10k USD at the very bottom of $SELFIE @SelfieDog_SOL after it dipped to hell (-95%), he had already put in $45k and was down bad.$SELFIE reached $45M marketcap two weeks later.
He's a whale on $MICHI… pic.twitter.com/C7OnoH0GY8
— Solsniffer (@solanasniffer) July 27, 2024
The turnaround began when $SELFIE’s market cap surged from a low of $45 million to $50 million within two weeks, signaling a strong recovery and rally. This rapid appreciation highlights the volatility and potential for significant gains within the memecoin sector.
The recent surge in $SELFIE’s price underscores the high-risk, high-reward nature of the crypto market, especially in the memecoin category. As the token continues to attract attention, both new and seasoned investors are closely monitoring its performance, hoping to capitalize on the ongoing momentum.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Image Source: balage941/123RF // Image Effects by Colorcinch
