Solana's Dogwifhat has overtaken Pepe to become the third largest mimcoin by market capitalization as the Dogecoin community looks for new ventures.
Dogwifhat (WIF), a mimcoin based on Solana's #blockchain , has become the third largest mimcoin by market capitalization.
#WIF currently has a market capitalization of $4 billion, behind Dogecoin with over $30 billion and Shiba Inu with over $18 billion.
According to CoinGecko, WIF was trading at $4.13 at 2:45 p. m. ET, a record high.
WIF pushed Pepe the Frog currency into third place among #meme coins, with dog-themed designs taking the top three spots.
The meme coin category has grown 27% in the last week, while #Dogwifhat has grown 84% in that time.
However, the hype around memes is not without risk, as evidenced by the recent spike in pre-sale scams on the Solana blockchain.
Crypto Detective ZachXBT took a look at some of the pre-sale coins that have caught the attention of potential scammers.
This article was written by the CryptoSlam staff with the help of SlamAI.
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