Solana's Dogwifhat (WIF) has surged a staggering 48% in the last 24 hours in the meme coin craze, outperforming BONK and DOGE.
Solana Meme Coin “Dogwifhat” Outperforms BONK and DOGE with a 48% Increase
The increase comes amid growing expectation for additional exchange listings in the coming months, pushing the meme coin to new highs.
In the early hours of Wednesday, Dogwifhat rose above $2.24, pushing its market cap to over $2 billion in just over three months since its inception.
This increase marks one of the most significant gains among meme coins tracked on CoinGecko, with tokens with capitalization above $1 billion collectively rising an average of 2.8%.
Smaller-cap meme coins such as Myro (MYRO) and Mog Coin (MOG) witnessed even more impressive gains, with gains of up to 80%.
Introduced to the crypto world in November 2023, Dogwifhat quickly gained viral attention in crypto circles.
Much of its appeal stems from its association with the image of a dog wearing a hat, affectionately referred to as a “wif hat”, which has gained significant interest and popularity among enthusiasts.
*This is not investment advice.