Solana Meme Coin Takes Over Top 100
Solana’s Dogwifhat Sets record Sights on $4 Ahead of Las Vegas Trip
The mega memecoin frenzy escalates with Dogwifhat’s (WIF) supporters setting up a fundraiser to put the community’s pink hat-wearing mascot on the Las Vegas Sphere. One of the globe’s biggest concert avenues, it can host up to 20,000 people during gigs and is one of the main tourist attractions in Vegas.
Following the impressive 500% monthly surge, WIF is experiencing a 10% market correction, with the drawdown visible on both Spot and Derivatives on-chain stats. To illustrate, WIF’s Open Interest (OI) has plummeted by 25% to $650 million, depicting a cool-down in Futures trading.
While Derivatives traders are in two minds about WIF, with a long versus short ratio of 0.9577, Binance’s users are the most bullish, with long positions nearly doubling WIF shorts. Spot markets favor the bulls; $7.78 million in bids for WIF outscore the pending sales by over $3 million, according to CoinPaprika data.
Guys it is to hold and earn with Dogwifhat
because it's Solana meme
