Dogwifhat (WIF), a popular Solana meme coin, experienced a significant increase in value on Monday after being announced for trading on the Robinhood platform in the United States. With a market capitalization of over $3.28 billion, WIF has become one of 2024’s most successful meme coin stories. The token now joins 19 other crypto tokens available for trading on Robinhood Crypto, including Dogecoin, the largest meme coin by market cap.
Following the news, WIF’s value immediately rose by more than 7%, settling at $3.35. Robinhood has been cautious about adding crypto assets due to the U.S. Securities and Exchange Commission’s aggressive lawsuits against crypto trading middlemen. However, it now appears to be adopting a more liberal approach to crypto listings.
No specific project or value proposition supports WIF’s value, unlike more established meme coins like DOGE. Decrypt has reached out to Robinhood for further information on potential support for other meme coins.
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<p>The post Dogwifhat (WIF) Surges on Robinhood Trading Platform first appeared on CoinBuzzFeed.</p>
