Dogwifhat (WIF), a popular Solana-based meme coin, has experienced a significant price boost of over 40% in the past 24 hours, reaching a level last seen in April this year, with a current price of $4.30 per CoinGecko. This surge comes after major crypto exchange Coinbase listed the asset on its platform, making it more accessible and potentially increasing demand.
Coinbase is not the only exchange that has supported WIF; Binance, BitMEX, Kraken, Huobi, and KuCoin have also allowed trading services with the meme coin within the past few months. With a current market capitalization of around $4 billion, WIF is now the fourth-largest meme coin, trailing Pepe (PEPE), which saw staggering gains recently.
The recent price increase also follows a massive green wave in the meme coin niche, with Shiba Inu (SHIB), Bonk Inu (BONK), Floki Inu (FLOKI), Popcat (POPCAT), Cat in a Dogs World (MEW), Dogecoin (DOGE), and Peanut the Squirrel (PNUT) all experiencing double-digit price surges within the last seven days.
Meme coins and WIF, in particular, have gained attention and popularity in the past few months, as more exchanges have listed them, providing increased accessibility and liquidity. As the meme coin market continues to grow and compete, it will be interesting to see how WIF and other meme coins perform in the coming months.
