Raoul Pal admitted to buying cryptocurrency dogwifhat meme

The pump in the price of the dogwifhat (WIF) cryptocurrency based on the meme did not leave Raul Pal, the head of the financial consulting company Real Vision Group, indifferent.

Dogwifhat was released on the Solana (SOL) network at the end of November 2023, but has already reached fourth place in the ranking of meme tokens by capitalization. Thanks to the lightning-fast bull rally that Raul mentioned, the value of all created WIFs reached $3.2 billion. According to this indicator, the coin came close to the “frog” cryptocurrency Pepe (PEPE) with a market capitalization of $3.9 billion.

The bullish trend in the dogwifhat market recently continued with the successful completion of a crowdfunding campaign to advertise the token on the Sphere building in Las Vegas. Members of the crypto community donated more than $650,000 to the authors of the initiative so that an image of a dog in a hat would appear on the dome.

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