According to Cointelegraph: Dogwifhat (WIF), a well-known Solana-based memecoin, has surged by another 25% to reach a new all-time high of $3. The leap came after fans raised over $700,000 to advertise the token's logo on the Las Vegas Sphere.
The fundraising initiative, named "Sphere Wif Hat", began on March 10 and has raised over $702,000, greatly exceeding the initial goal of $50,000. The news of the campaign's success triggered an immediate price spike in WIF, propelling the coin to a new all-time high and market capitalization of $3 billion.
Major players in the Solana ecosystem, including the official social media account for the Solana-based Phantom Wallet, supported the campaign. However, the campaign leads have not yet provided public documentation confirming the marketing campaign's acceptance by the Las Vegas Sphere.
The successful campaign and the associated price surge of Dogwifhat have positioned it as the fourth-largest memecoin on the CoinGecko memecoin index. Since its launch in November last year, WIF has posted gains of over 1,000,000%, making it one of the best-performing memecoins to date.
