WIF Memecoin Is Gaining More Popularity

A Solana-based meme project called Dogwifhat (WIF) is enjoying another surge in popularity to ATH levels, briefly reaching $0.48, according to Coinmarketcap. This memecoin has been among the market’s top gainers, soaring 300% over the past 7 days.

The market cap of WI exceeded the mark of $450 million for a moment, almost catching up with the PEPE memecoin in the ranking. At the time of writing, WIF’s capitalization is approximately $420 million. The proce increase of the token can be explained by its listing on several leading cryptocurrency exchanges. Earlier this week, BitMEX listed a WIF/USDT perpetual swap contract, and Bybit also announced the listing of a WIF/USDT perpetual contract with up to 25x leverage. In addition, the coin will be listed on the KuCoin exchange. There are rumors that Binance is also planning a listing.

Previously, the BONK project gained similar fame and gains, fueling the growth of Solana and paving the way for investor interest in other meme coins. According to various data, the increase in the price of BONK for 2023 amounted to more than 9600%. BONK’s exceptional performance has made it the third-largest meme coin by market value after Dogecoin (DOGE) and Shiba Inu (SHIB).