So I wanted an alternative and I gave the Boat browser another try. Wow, it is really fast, much faster than Dolphin, no need to mention Opera. And, now it supports text wrapping and, better than Opera, you can turn this feature off if you don't like it.
Dolphin and many other similar browsers do not support text wrapping after zooming more:
Text wrapping with Boat and Opera, no matter how much you zoom:
Another big problem with other browsers except Opera and Boat is that they consume CPU constantly - keep your phone hot and drain its battety for nothing:
Smallest browser, only 2MB (the mini) but still fully featured, enen a night mode:
This article is written in Boat on my Note 2.
[update 1/30/2104] The latest Opera now has an option for text wrapping. It still does not have an option to turn off preview though, very stupid.