While the mem token craze has increased recently, Solana-based mem tokens have come to the fore.
Among the Solana-based mem tokens, Dogwifhat (WIF) is undoubtedly the most notable project, while Binance, the world's largest cryptocurrency exchange, also listed WIF.
At this point, while WIF has experienced an unstoppable price rise this year, the WIF price exceeded $ 4 today and left PEPE behind, becoming the third largest meme token after DOGE and SHIB, with a market value reaching $ 4 billion.
WIF, which exceeded $ 4 with an increase of more than 230% in the last 24 hours, continues to be traded at $ 3.68 with a 19% increase at the time of writing.
With this increase, WIF topped the list of the most profitable altcoins, followed by Dogecoin (DOGE) and Floki Inu (FLOKI).
As WIF continues its unstoppable rally, WIF's largest holding address, 2Fcm…PE6d, made a profit of $134 million (+1440%). This whale started buying WIF in December 2023 at an average purchase price of $0.248.
Analysts stated that despite the tremendous rise in WIF, the data shows that the whale has not started to sell, “which indicates that the upward expectations in WIF continue.” said.
Analysts also stated that they expect the Dogwifhat price to continue to increase and with this increase, the WIF market value will exceed $10 billion in the next few years and WIF will gain the status of a premium meme token.