Dogwifhat (WIF) has recorded a price pump that brought it above $2: the meme coin on Solana could surpass BONK in the crypto market capitalization ranking.
Dogwifhat (WIF): the price pump of the meme coin on Solana surpasses BONK in the ranking
Dogwifhat (WIF) is a meme coin developed on the Solata blockchain that, in the last 24 hours, has recorded a price pump of +48%, reaching over $2.
Specifically, WIF is now worth 2.06$, but a few hours ago, it had reached almost 2.20$. This price pump also caused WIF’s market cap to reach a total of 2.19 billion dollars.
Within the same 24 hours, on the other hand, the other meme coin on the Solana blockchain, BONK, seems to have recorded a price dump of -12%. BONK is now worth 0.000032$, with a total market cap of 2.09 billion dollars.
For a few minutes today, Dogwifhat (WIF) surpassed BONK in total market capitalization, ranking fourth overall in the meme coin leaderboard.
Generally, WIF was issued in November 2023 and quickly became viral in the crypto space. Much of the token’s memetic value comes from its connection with the image of a dog wearing a hat and the use of “wif hat” which has gained traction and spread in crypto circles.
Dogwifhat (WIF): the meme coin price pump on Solana over $2 thanks to listing on Binance
Among the reasons that have “pumped” the price of Dogwifhat (WIF) above $2, there is the new listing on Binance.
Basically, on the day of yesterday March 5, 2024, the popular crypto-exchange Binance announced the listing of WIF.
These are the new spot trading pairs of WIF/BTC, WIF/USDT, WIF/FDUSD, and WIF/TRY. In the announcement, it is stated that WIF withdrawals on Binance are now open starting from today.
Thanks to this new listing, in fact, the volume of WIF exchanges in the last 24 hours has increased by +113%, for a total value of 1.3 billion dollars.
In addition to Binance, the Australian crypto-exchange CoinSpot also claimed today to have started listing WIF.
The rise in the meme coin ranking
Dogwifhat (WIF) is now in fourth place, just behind BONK, in the meme coin market capitalization ranking.
This is an interesting result, considering that just one month ago, WIF was in seventh place, priced at $0.21 and with over $217 million in total market cap.
Today, WIF is worth over $2 and has a market cap of over 2 billion dollars.
Not only that, a month ago, WIF was behind the other crypto memes like FLOKI and MEME. BONK was much further ahead in the ranking with a market cap of 655 million dollars, which has now also grown to 2.1 billion dollars today.