Solana’s Shiba Inu, Dogwifhat (WIF), Suddenly Skyrockets 25%: Key Reason

Dogwifhat (WIF), a meme coin based on the Solana (SOL) blockchain, has experienced a sudden surge of 30% in its price in the last 24 hours. WIF reached intraday highs of $0.2356, maintaining its rise from the previous day’s low of $0.17.

At the time of writing, WIF was up 30% in the last 24 hours to $0.233. The price increase coincides with positive sentiment in the crypto market, as Bitcoin and other major coins also saw gains.

Likewise, another possible reason might be the WIF listing on major crypto exchange Bitfinex.

Bitfinex announced the listing of WIF in a Feb. 7 X post. According to an official blog post, WIF deposits were opened at 4:00 p.m. UTC on Feb. 7, 2024. Trading of WIF commences on Feb. 8 at approximately 1:30 p.m. PM UTC. WIF will be available to trade with U.S. dollars (WIF/USD) and Tether tokens (WIF/USDt). Withdrawals are expected to open on Feb. 9 at approximately 1:30 p.m. UTC.

Deposits are open for 🐶🎩 dogwifhat $WIF!@dogwifcoin is the popular meme that’s vibing wif frens onchain!

Find out when trading starts:

— Bitfinex (@bitfinex) February 7, 2024

The news was met with enthusiasm by the Dogwifhat community, with the official Dogwifhat X handle posting the milestone.

WIF debuted quietly in November before experiencing its first significant price rise in December. It rose even higher, reaching an all-time high of $0.481 last month before falling to a low of $0.17 on Feb. 7 before recovering.

WIF now has a market capitalization of $234 million, ranking it as the 198th largest cryptocurrency — and the seventh-largest meme coin overall. Trading volume in the last day exceeded $60 million.

Solana, the fifth largest cryptocurrency by market value, appears to be riding the WIF and the overall crypto market wave, jumping 10% to $104. SOL has recaptured the $100 level once again after the outage that worried traders on Monday turned out to be a local low, with FUD propelling the price rebound.


Leave a Comment

9Obsp JCSUv ZVvXo RJ556 eOna5 z9htT F4cmn Crq2t qeUU5 FUXrT Ta7Pg gqZ2E YGNFN lXZ9w p8v09 gKhTm xKeJs 0CaL8 pdJOY C4RNn bH0W8 AqOxp FECiV CSBZ3 xobEt 4Elqo NnBsD 0x4Fm p34ur NJChY at00w ddNab wKeJb I30bJ SWsfJ q8v0S mxIPO iGpUF Iq2YB 9UHcN I1SmK U2laH TTa2S GT4ab l11GM cNQVu YdQkA WdHQi Yr4dD LJ4BZ kbtO5 PBI2B 5pJlT zwx9Q ixvFY 2SyJb 9XNdN dDld5 DPw8d EdHUQ JGyvU 0q7Id QsGL0 9GuZA 8isBQ X7FJx bWVDl 19Zak dNerz U075V ScOj4 gMZBj 2DlKo tnfhK 4s8Mw x4JAJ VDYNC