Dogwifhat has recorded over 420% gain in the past month, as it flips Pepe to become the third-biggest meme coin by market capitalization.
Popular Solana-based memecoin Dogwifhat (WIF) has continued its impressive rally, as its price surged to around $4 in the early hours of today. Following its remarkable rally today, the token’s market cap reached a whopping $4 billion.
Although WIF’s price has retraced in the hours leading up to press time, the token still boasts a daily gain of 16.5%, with a unit changing hands at $3.62.
WIF Ranks as Third Biggest Meme Coin
Its market cap is currently sitting at $3.63 billion, making it the third-biggest meme coin and the 41st-largest cryptocurrency in the market.
The milestone currently places WIF behind Shiba Inu (SHIB) and Dogecoin (DOGE) in the top meme coin ranking. Conversely, WIF is now ranked ahead of other meme-based cryptos, like Pepe (PEPE) and Floki (FLOKI), valued at $3.25 billion and $2.35 billion, respectively.