WIF
Dogwifhat (WIF), a meme coin on the Solana blockchain, has gained 14.7% in the past 24 hours, showing renewed investor interest in it. The total market cap of meme coins is currently $68.2 billion, up 6% over the same period.
Since its launch, Dogwifhat has been steadily gaining momentum and has received strong support from the community, especially during the Q1 memecoin surge. It now ranks among the top 30 crypto assets by market cap, surpassing Filecoin (FIL). Entering the top 30 is a significant milestone for the Solana meme coin, especially after the bullish sentiment in Q1 2024.
Dogwifhat’s market cap is currently $3.4 billion, with a 50% surge in daily trading volume to $935 million. Despite this, bulls remain optimistic and have taken new positions following the recent market rally. The market’s turnaround was triggered by the approval of a spot Ethereum ETF and the excitement leading up to this event. In addition, the crypto asset has also benefited from support from U.S. lawmakers for crypto-related bills.
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