Dogwifhat (WIF) has emerged as a standout performer, showcasing remarkable gains in its value. Meme coins, known for their volatile nature, have been thriving despite the overall lack of momentum in the broader crypto landscape, with Dogwifhat leading the charge. Today, the popular Solana-based meme coin hit a new all-time high.
It all started back in November 2018 in Korea, where an iconic photograph was taken – a Shiba Inu named Chi Chi (now known as Achi) donning a pink woven beanie in an unforgettable photoshoot. The image quickly went viral, only to resurface a year later when it became the profile picture of a Fortnite player named Issa. Soon, famous streamers Vraxito and Aquaa joined the craze, solidifying the foundations of what would become a phenomenon three years down the line.
In November 2023, an anonymous developer launched the DogWifHat meme token (WIF) on the Solana ecosystem, capturing the hearts of thousands of SOL users with its simplistic yet fun-loving vibe. With a capped supply of 998 million tokens and a community-driven ethos, WIF joined the open market in December 2023 at around $0.001555 before skyrocketing to heights.
Having entered the scene just last November within the Solana ecosystem, Dogwifhat has swiftly garnered attention and established itself as a formidable player in the competitive meme coin arena. Over the past year, WIF has seen an impressive surge of 2045% since entering the market, with a staggering 371% increase in the last month alone.
As of the latest data, Dogwifhat reached its peak at $3.93, although it experienced a slight dip following this milestone. At present, the price stands at $3.62, with a 24-hour trading volume of $3.07 billion and a market cap of $3.61 billion. Notably, the coin has seen an 18.04% increase in value over the past 24 hours.
Dogwifhat (WIF) Leads Meme Coin Surge
Furthermore, Dogwifhat has surpassed Pepe to claim the position of the third-largest meme coin, trailing only behind DOGE and SHIB. One of the leading WIF owners with address 2Fcm…PE6d made an unbelievable profit of $134 million, representing a 1440% surge. This holder started amassing WIF in December 2023 at an average purchase price of $0.248, and trading activity is yet to begin, according to data from SOLSCAN.
Dogwifhat’s performance today signifies a major milestone for the meme coins industry as well as firmly places it among leaders in this field. Having surpassed its relative veteran, Pepe, WIF now holds the 38th position in the Top 100 while Pepe holds number 43.
Other meme coins also experienced significant gains alongside Dogwifhat. Over the last week, DOGE rose by around 31%, whereas SHIB increased by about 12%. Likewise, BONK and FLOKI, which are meme coins, have also gained in their respective weekly charts.
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